Word: indexers
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Dates: during 1950-1959
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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...
This pressure put a new kind of strain on an economy which, even before the Korean war began, had spurted to a peacetime high. In June, the Federal Reserve Board reported last week, the index of industrial production had pushed to 197, two points above the November 1948 peak. The U.S. consumer also had plenty of cash with which to buy goods; the Commerce Department reported that wage and salary payments in May had reached a yearly rate of $139.2 billion, another peacetime record...
...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...
...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...