Word: higher
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Dates: during 1950-1959
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...issues as wage hikes, on which the gap remained only a cent an hour. The big difference was one of principle, to wit, the industry's need for more flexible work rules so that the mills can use their work forces more efficiently to cover the costs of higher wages and higher benefits. Snapped R. Conrad Cooper, U.S. Steel Corp. vice president and top industry negotiator: "The basic position of the steel companies is not about to crumble whether or not there is an injunction." And even though auto assembly lines, tractor plants and construction projects were shut down...
...blow fell (he got a new post in the party secretariat). By implication, he was blamed for the colossal meat mess this year that has left Poland, once a substantial food exporter, hardly able to feed itself. To make matters worse, inflation is a major threat, largely because of higher bonuses and wages that factory chiefs have been allowed to grant on their own initiative. Bungling Warsaw planners pegged meat prices so low that workers, with extra money to spend, ate more and more. At the same time, farmers' profit margins on livestock were reduced to the point where...
Amidst the third-quarter earnings reports and stock-split announcements last week there was a standout: Westinghouse Electric Corp. With the company's nine months' earnings soaring ($3.17 per share v. $2.79 in 1958) on only slightly higher sales than last year, its directors recommended a two-for-one stock split, boosted the annual dividend rate from $2 to $2.40. For Westinghouse, the nation's oldest (73 years) and second largest electrical equipment maker (first: General Electric), the split climaxed a three-year drive to reorganize the company and recover from a crippling five-month...
...increase in installment loans. Although the rate of installment credit is growing faster than in 1955, said the Chase Bank, consumer income is now larger. Despite its dollar increase, the rise in installment credit equals only 1.9% of income after taxes, slightly less than the rise in 1955. Despite higher dollar auto sales this year, the net increase on auto credit after repayments on past credit will be only slightly more than half that in 1955, thus leaving room for credit expansion to buy 1960 models...
...option seller to avoid big losses, Filer cites two rules: 1) never sell a call option unless you own the stock, since you may have to buy it at a higher price if the call is exercised; and 2) never sell a put option unless you have the money to pay for the stock if the stock is put to you. "Following these rules," says Filer, "the risk in selling options is no greater than the risk in owning stocks...