Word: indexers
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Dates: during 1950-1959
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...quarter since World War II, the trucking industry last week saw signs that business is picking up. Tonnage hauled in May was 2.6% above April (though still down 5.8% from last year). Truckers expect the June figures to show a bigger rise. To economists, who consider trucking a good index of general business conditions, it was another cheering sign of improvement in the U.S. economy. Truckers haul about 20% of the nation's freight -and because most of their freight is finished products rather than raw materials, they are sensitive to a pickup in sales...
...Campbell of Iron Age, took President Hood's statement to mean simply that Big Steel, traditionally the industry leader in raising prices, does not intend to hike its prices July 1 but will do so eventually. Steelmen are awaiting an announcement this week of the Consumer Price Index to tell them how great a cost-of-living increase they will have to add to their contract wage boosts...
...recovery will spread. "Even the incomplete data for the second quarter add up unequivocally to more than a seasonal gain." Not only did defense outlays and public works shoot ahead, but housing, car sales and production of steel, lumber, apparel, aircraft, petroleum were all on the upgrade. The FRB index of production, which rose a point in May, will probably be up another point for June, said FORTUNE. "Together, these gains add up to an all-around recovery." FORTUNE'S predictions through 1959: the gross national product will rise $50 billion to $470 billion...
...Interstate Commerce Commission to reduce service on money-losing routes. 3) tighten up on truckers now exempt from ICC rate regulations. Since chances seemed good that a relief bill would become law within a month, almost all major rail stocks advanced last week. The Dow-Jones rail index closed at the year's high of 119.21, up 19.32 points from the low in January...
...lived to 106. and Gulbenkian fully expected to reach 120. To avoid dust, he sat only on leather cushions, slept on a leather mattress, and had the air of his Paris mansion filtered through silk screens and fine sprays of water. He reduced his handshake, proffering only the index and middle fingers. For reasons known only to the great mystery man, he preferred cotton to toilet paper. He slept exactly six hours per night, and declared that he permitted himself no dreams. He once spoke of Freud as a great talent gone to waste...