Word: higher
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Dates: during 1950-1959
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...April reached an estimated $50.6 million, nearly double the $28.3 million during the same month last year, and well ahead of shipments (see chart). Said James C. Hodge, executive vice president of Warner & Swasey Co., leading U.S. toolmaker, whose orders are up at a rate more than 100% higher than last year: "We expect new order increases to continue during this year and probably into...
...matured into a science, though man has yet to find a direct method of finding oil. The chances are still long. Only one wildcat field in 42 produces 1,000,000 bbl., and costs are so steep that a million-barrel field barely pays for itself. With risks growing higher and winnings less, fears have cropped up that the U.S., with only a twelve-year known reserve, will run dry of oil. Oilady Knowles disagrees: "Ever since Edwin Drake's discovery 100 years ago, there have been fears of a shortage. Each time the cry of alarm was raised...
When money rates are rising, even well-priced bond issues often meet a cool reception because buyers are waiting for still higher rates. Last week the U.S. found buyers scarce for its latest issue. To holders of $1.8 billion in maturing issues, the Treasury offered to exchange a short-term (one year), attractively priced (4.05%) issue. Instead of taking the new issue, 30% of the noteholders asked for $547 million in cash, highest attrition rate since the record...
Though attrition was high, the Treasury had expected it, had enough cash on hand so it will not have to go to market again immediately. The T-men felt that sweetening the issue with a higher interest rate would not have done much good. With the pickup in business, corporations can see other uses for the money, are reluctant to hold an issue for a year. They prefer shorter-term bills, even though the rates are lower (2½-2⅝%) until they can see where money rates are going...
...first degree conferred went to the oldest University in the western world, the University of Bologna, founded in 1000. In the words of Dr. Rene J. Dubos, "The historical role of Bologna is not limited to having shaped our institutions of higher learning. This most ancient of all universities has also contributed richly and continuously to the history of thought and knowledge...