Word: higher
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Dates: during 1950-1959
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...Says he, arguing for more formality: "It involves people more readily in the service. In most informal Protestant services, the minister does most of it. Ritual gives all the people a chance to participate in prayers and responsive readings. But basically, the new trend is an economic phenomenon-the higher you go in the economic ladder, the higher you go in church...
...there is not yet any shortage of steel for defense plants, and none looms in the near future. Foreign steelmakers were supplying part of the demand, used the situation to boost their prices-normally $30 to $40 per ton below U.S. mill prices-to the U.S. level or higher...
...What the Treasury fears most is that its dependence on short-term financing will force yields on short-term paper above yields on long-term bonds, thus attracting many investors who might ordinarily put their money in long-term securities and forcing rates up even higher. Such a development during the next year would put Secretary of the Treasury Robert B. Anderson in the worst position of any Treasury Secretary since the 1920s in maintaining a market for Government securities. The committee's action, said Anderson, "is a matter of grave concern...
...first half of 1959, and a jump in consumer credit have added to the competition for funds. Following the surge, interest rates on bank business loans in 19 major cities went from 4.17% in 1958's second half to 4.87% in June -and are expected to go higher (see chart...
...nation's mutual savings banks, total deposits rose $585 million in the first six months this year to $34.6 billion -but the growth during the same period last year was $1.3 billion. Instead of putting and keeping their money in savings accounts, people are attracted by higher returns in the stock market or Government bonds. The rate of growth of time deposits has been falling off because corporations, state and local governments, and foreign depositors can now get nearly 3½% on a 91-day Treasury bill v. 3% on time deposits...