Word: hitting
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Dates: during 1950-1959
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...first-quarter earnings began to pour out last week, the trend was down, as expected by businessmen. But what was not expected was the surprising fact that in some industries, profits were actually climbing, some to new records. Hard hit were the durable-goods industries, railroads and raw materials, while many of the consumer-goods makers hummed along scarcely bothered by the recession...
Pittsburgh Steel operated at a loss in the first quarter and expects a glum second quarter, even though "we have several indications that the bottom in demand was passed some time ago." Lukens Steel, hit by the slowdown in shipbuilding and heavy construction, said that first-quarter earnings will show a sharp dip from last year, when it was the industry's brightest star. But Lukens expects that 1958 as a whole will prove "a strong year...
Americans were buying more food than ever. Kroger Co. earnings hit a record $1.27, up from $1.14 on fewer shares a year ago. National Biscuit Co. expected slightly better earnings than last year, as did General Baking Co. Grand Union increased its dividend from 18? to 20? a quarter on the basis of record sales. And General Foods, buoyed up by the best first quarter in its history, broke into the elite $1 billion sales club for the first time in the fiscal year ending March...
WHEAT SURPLUS will grow by about 200 million bu. this year because of huge crop that may wipe out all cuts made by soil bank since 1956. Output is expected to rise 25% over last year, hit 1.19 billion bu. Productivity of winter wheat lands will reach 21.9 bu. per acre, v. 15.9 bu. average over past decade...
Cornell scored twice within the first four minutes of the game and held its 2-0 edge through the end of the first period. After a third Big Red rally at one minute of the second period, midfielder Jerry Cotter split the defense, running diagonally toward the right and hit the near side of the nets to make the score...