Word: hiked
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Ballots went out to the 1,346 members of the New York Stock Exchange last week to vote on whether the brokers should boost commissions an average 13%, the second hike in four years. The plan ran into immediate opposition from Merrill Lynch, Pierce, Fenner & Smith, biggest brokerage house. The proposed increase, said Merrill Lynch's Managing Partner Michael McCarthy, discriminates against the small investor, who will pay 30% more on a $500 transaction. He argued that most brokers are getting an adequate return despite higher operating costs, since commission earnings of Wall Street houses after partners' compensation...
...this the anticipated turn in copper prices? Copper analysts think not-at least not yet. The last ½? hike at custom smelters, in December, lasted only three weeks when the price dropped back, subsequently fell 2? more. Demand is still sluggish at the 25?-a-lb. level asked by major domestic producers, and Western Congressmen are still talking about a sick industry and pressing for a 4?-a-lb. tariff, placing the "peril point" where the tariff would go into effect at 30? (TIME, Feb. 10). While producers feel that the users' inventory liquidation is about over, higher copper...
Dave Dubinsky's powerful (455,000 members, $225 million in shrewdly invested assets) I.L.G.W.U. wanted 315% boost in dressmakers' wages (Manhattan average: $2.10 an hour). It would be the first hike since 1953. Manufacturers, crying recession, offered...
...main reason for the rate hike is a Post Office deficit which is now approaching $1 billion. The various increases will make up this deficit and will also finance a projected pay raise for postal employees. The raises, however, do not constitute a fair adjustment of postal rates...
Comparison of the figures bears this out. The first class hike will raise local postage 33 per cent, and out-of-town postage 66 per cent. The second class increase (which will affect the major magazine concerns) will not be that high, and the "junk mail" increase will only amount to 14 per cent of its current insufficient rate. In addition, the Senate has rejected an amendment which would have raised rates for companies using over $1 million of postage annually. This would have more nearly compensated for the strain the big weekly magazines put on the post office...