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...Countries. On the Amsterdam Stock Exchange, the general stock index stood last week at 229.27, up 60 points in a year. Giant Phillips Electric was up 64%; Royal Dutch Shell was up 53%. In Belgium, prices were at their highest levels since World War II, led by such stocks as Union Minière (mining), up 80% to $945, and the holding company Société Générale...
West Germany. The stock price index for West Germany's eight stock exchanges last week hit a new postwar peak of 172, up 85% in a year, the biggest rise of any country. Helped by the prospect of rearmament and the lifting of extremely heavy taxes on sales of stock held less than a year (new time limit: three months), German stock prices reflected the extent of West Germany's boom. Biggest gainers: Casella Chemicals, up 160% to $112 a share; Erin Bergbau (mining), up 375% to $85; Beteiligungs A. G. Ruhrort (shipping...
...will have enough people to consume the goods. The population figures seem to insure that the U.S. will; the rate of growth is the strongest buttress of confidence in the continuation of unprecedented prosperity (see BUSINESS). Every recent prediction of a U.S. depression has proved wrong; the business indexes have turned up again, pushed by the population index...
Though total output of goods and services was down by 2½% to $356 billion, it was still a full 38% above the 1949 level. The Federal Reserve Board's index of production dropped a maximum of 10%, but at year's end it was heading up again, and was already above the corresponding level of 1953. Despite the slight dip, industry spent $26.7 billion on expansion, only 6% less than in 1953. And Americans were able to make more money after taxes ($253 billion) and spend more ($233 billion) than ever before. Among their purchases...
...that new claims for unemployment compensation in the third week in December had fallen to 301,700, almost 11,000 below the week before. Last minute Christmas buying boosted department-store sales a full 3% ahead of the corresponding week in 1953. And the Federal Reserve Board industrial-production index for November rose to 129, (1947-49=100), showing an unusual upturn at a season when industrial production normally dips...