Word: highs
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Dates: during 1950-1959
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Wall Street's bull market last week made its biggest weekly jump of 1959. The Dow-Jones industrial average scooted up 15.51 points to close at 654.76. It was well above the previous alltime high of 643.79 set May 29. and more than 70 points ahead of where the average started on Jan. 1. Brokers expected the climb to continue. Not only was business news generally bright, but the record showed that industrials have advanced smartly in July and August in two years out of every three during the 20th century...
...every investor struck pay dirt. Several solid issues scraped their year's low. American Export Lines (which hit a crest of 34⅝ this year) slipped to 28⅞; Freeport Sulphur slumped to 27⅝ from the year's high of 37⅜. United Aircraft, one of the stocks in the Dow-Jones average, was off to 52½ from...
...objective is to conclude a contract that will involve no increase in the overall employment costs of the company," said Republic Steel's tough, plain-talking President Thomas Patton on TV's Meet the Press. Not only does the current contract provide high wages and benefits, contended Patton, but it also leaves plenty of room for further wage boosts through job promotions and incentive pay. Patton's proof: since contract negotiations opened just two months ago, average hourly wages have jumped from...
Wherever they looked, Government economists saw almost breathtaking change. Personal income jumped $29 billion over the second quarter of 1958 to an annual rate of $380 billion, a new high. Industrial output rose 22 percentage points over June 1958, to 154% of the 1947-49 averages. As consumers opened their purses, retail trade in the first six months jumped $7.5 billion to a new high of $102.5 billion. In the process, it gave a long-delayed boost to many an industry that earlier watched the parade of recovery go by. TV setmakers, for example, expected 1959 shipments to exceed...
...Boston or Cambridge, looked very much like the radio-repair shops and jobbers that surrounded them. To finance samples of new products, the founders dug into personal savings or tapped friends. Cash came from such risk-minded organizations as American Research & Development Corp., which sponsored many science companies (High Voltage, Tracerlab), and from individual investor groups such as those of Laurance Rockefeller, who now is sponsoring one of 128's newest, Geophysics Corp. of America. As the prototype models succeeded, the young companies outgrew their quarters and moved "out to the highway...