Word: highs
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Dates: during 1950-1959
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Long-Range Challenge. One reason for the rise is that U.S. industry rolled into 1959 with more than $18 billion in capital funds that can be invested in inventories or plants. Industries have piled inventories so high (adding at an annual rate of $10.4 billion in the second quarter alone) that economists feel they will now begin to channel their funds into new plants to meet consumers' rising demands. That does not mean that the inventory boom has spent itself; inventories have moved up close to the peak level of January 1957, but sales have moved up even faster...
...cash during the last month, Treasury financing-despite Federal Reserve Board buying support-boosted the rate on 26-week Treasury bills to a record 4.15%. The yield on most long-term Government bonds was more than 4% for the first time since the 1930s, and some yields rose as high as 4.8%. Corporate bond yields also rose; unable to sell their public-utility offerings at the issued price, three Manhattan underwriting syndicates broke...
SMALL-CAR DEAL between American Motors and West Germany's B.M.W. is in the exploratory stage. Ailing B.M.W. (pygmy-sized Isetta, high-priced luxury cars) appears ripe for acquisition; massive purchases by speculators have sent its stock to new highs on Frankfurt exchange...
...High-Speed Film. A still-camera film 15 times faster than its present film was put on sale by the Polaroid Corp. for use with Polaroid Land cameras, which take, develop and print photos in 60 seconds. With a low-cost ($17.95) "wink light" that fills in background shadows and replaces flashbulbs, the new film takes pictures in table-lamp light. Cost: $1.79 per eight-exposure roll...
...Newcomer Britt's acting ability still remains to be proved, there is no question about the professional skill of longtime German Box Office Idol Jurgens. Though he is almost too handsome for the role of the petty-tyrannical high school teacher (played in the original by Emil Jannings), Jurgens subtly conveys the unavowed jealousy that flares up within him whenever he catches his students ogling Lola Lola. And at the film's climax, when he is persuaded to play the clown in Lola Lola's revue before an audience of old school cronies. Jurgens penetrates rare emotional...