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...tires went up as much as 12½%, tin rose 15? a Ib. to 97? in New York, cotton futures soared $10 a bale in one day. Overall wholesale prices bounced higher; the Bureau of Labor Statistics reported a week's rise of 1.8% in its wholesale price index...
...waiting to find out what it was, they nervously started to dump their newly purchased stocks. Prices dropped. Hardest hit by the new selling wave were the stocks of television companies; they tumbled as much as 4½ points. In two jittery hours, the blue-chip Dow-Jones industrial index also dropped 2.39 points to 208.59, wiping out all but a small fraction of its earlier gain. As this week's trading began, television stocks again dropped as much as 4¼ points on fears that war might curtail production of TV sets...
Full of such levelheaded reminders, and sporting a painstaking index and several hundred illustrations, Fishing provides just about all the help a grudgeless, clean-thinkin' angler will need, short of soaking his leader and catching his fish...
...limit of 2$ a lb. Though Washington officials denied any plans to speed up buying for the Government stockpile (now only about 40% complete), commodity men did not believe them: up also went the futures prices of grains, copper, lead, tin and zinc. In five days, the Dow-Jones index of all futures prices rose 3.95 points to 150.48, highest close since July...
...Korean war would cause heavier defense spending-and there seemed little doubt that it would-the big question was: How much more spending could an uncontrolled economy stand without serious inflation? There was now little overall slack in the economy. The Federal Reserve Board's index of industrial production for June was estimated to be equal to the record peacetime high. Steelmakers had been operating at better than 100% of their theoretical capacity for eleven straight weeks-and had not yet caught up with demand. Automakers and many another consumer-goods manufacturer were running months behind in their deliveries...