Word: interesting
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Dates: during 1950-1959
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...only six seats, as in each of the past two contests, they ran twice as many candidates as in 1955 and received over twice as many votes. Many of these were clearly protest votes, largely drawn from old Laborites and new voters. Most Liberal platforms were broad statements of interest in the "little man" and appeals for the liberalization of trade...
...Treasury Department, which has had trouble raising the cash it needs, last week found a way to tap some new money. It issued $2 billion in four-year, ten-month notes at an interest rate of 5%, the highest since the tight-money days of 1929. The rate was so attractive that an avalanche of subscriptions poured in from small investors. Said New York's Manufacturers Trust: "It was fantastic. Everyone in the Government bond department was too busy to even go out for lunch." To help lure in individuals, the Treasury guaranteed that subscriptions...
...borrowing in the very-short-term (less than a year) market because of Congress' stubborn refusal in the last session to remove the 4¼% ceiling on long-term (over five years) bonds. Since June, the Government has financed nearly $16 billion in the short-term market, ballooned interest rates, dried up much of the normally available money supply. The rush for the new issue proved that Treasury Secretary Robert Anderson was on the right track when he asked for removal of the ceiling so that he could price bonds higher to lure in new purchasers...
...what rate. Some moneymen think that the end of the steel strike will see a big demand and further squeeze on the money market; others argue that the impact of the post-strike demand has already been discounted. In any case the new bonds show that, given favorable interest rates, there is still plenty of money around...
Basically, the million-dollar collection was a broadening of the small-car trend. Leading the way were the U.S. compact cars which attracted so much interest that European car makers began to wonder about how much competition they would be. Show goers were fascinated by their comfort and big-car features. Said one prospective buyer: "They're simply bargain-priced luxury cars...