Word: indexed
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Behind the earnings lay a record of solid September production despite the steel strike. Last week the Federal Reserve Board announced that industrial production dropped one point on the index from August to September, was seven points from the pre-strike high of 155 set in June. Nonfarm employment was holding even at around 52 million, while total unemployment declined to 3,200,000, or 5.6% of the labor force; not counting the 500,000 steel strikers, unemployment had increased only about ½% since the 5% low set in July. Personal income in August dropped only about $2.6 billion from...
...Consumer Price Index in August declined .1% from the July record to 124.8% of the 1947-49 average, the first decline in the index since last February. Primary reason: a .9% drop in food prices, which made up for an average increase of .2% in nonfood commodities and services...
...stock market, which has drifted steadily lower for seven weeks, last week apparently found bottom. In two days stocks bounded up 16.40 points to 632.85 on the Dow-Jones industrial index, the biggest increase in seven months. The slide had not been caused by heavy selling but by a lack of buyers; volume had been thin. Many a broker guessed that the 615-to-620 level, where the market had found strong support last week, may turn out to be a firm bottom from which the market will rise to new peaks...
...probably had the money in his mattress for 25 years,'' said a fund executive, "but we're getting used to this sort of thing." This "sort of thing" was such a rush to buy shares in British corporations that the Financial Times's share index soared to 259.7, up from 188.1 last fall. Many a broker grumbled that the invasion of new, little investors was forcing prices so high that yields for longtime investors were being sharply...
Although employment figures did not show the effects of the steel strike, the Federal Reserve Board's industrial production index did. Some 100,000 workers were laid off in mines and railroads, and carloadings dropped to 532,304 cars, lowest for a comparable week in years. Last week the Steelworkers Union and others called a strike at Kennecott Copper Corp. and Magma Copper Co. that idled another 15,000 workers. As a result, industrial output declined 1% in July to 153% of the 1947-49 average, two points below the record June level of 155%. But activity in most...