Word: hitting
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Dates: during 1950-1959
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...SALES will hit 4,700,000 to 5,200,000, excluding imports, say Detroit dopesters. They figure deferred buying from this year (expected sales: 4,200,000) will lift market, though not to 5,980,000-car level...
With encouragement from the pickup in business, the stock market rose to a new 1958 high last week. Stocks hit 478.97 in the Dow-Jones industrial average, then recovered from a sharp sell-off to close the week at 473.60. Encouraged by the Senate vote to repeal the 10% passenger and 3% freight taxes, rails closed at 119.17, a whisker under the year's high. But while the confidence of many investors returned, the skepticism of others increased. The short position, which has been rising for five months, was reported last week at 5,795,105 shares, highest since...
...fortnight ago (TIME, June 23). Many Wall Streeters touted the bonds as sure to rise, as other recent Government issues have risen. Demand was so great that New York City banks' loans to brokers against Government obligations (which helped the brokers to carry the thinly margined speculators) hit a twelve-year high of $1,357,000,000. Just after the bonds came out, they hit 100½. But by last week the bonds had skidded a full point to 99½, due largely to rumors that the Federal Reserve Board was ready to reimpose a tight-money policy, which...
...which poured $4,000,000 into the tiny, brainy company (in return for 50% stock ownership) and installed Dan Kimball, then serving as General Tire's director of Government operations, as boss in 1945. In short order Aerojet was making good on its contracts, at one point hit production of 25,000 JATO units monthly. By V-J day it had 1,700 people on its payroll...
Divorced. By Rhonda Fleming (real name: Marilyn Louis), 34, titian-haired cinemelon (Gunfight at the O.K. Corral): Dr. Lewis V. Morrill Jr., 41, Beverly Hills surgeon; after six years of marriage, no children; in Santa Monica, Calif. Rhonda's novel reason why their union hit the rocks: "He said he was sacrificing his career...