Word: last
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Dates: during 1950-1959
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...tiny (pop. 185) village of Consolation in France's Jura Mountains, Canon Pierre Bretillot (who is both priest and mayor) dedicated a new tax office last week. His prayer would have pleased Matthew, the onetime tax collector, as well as collectors of internal revenue anywhere in the world...
From the Federal Reserve Board last week came news that department stores started their Christmas season from the highest take-off point in history. Sales in the final pre-Thanksgiving week hit 182 on the 1947-49 index, up from 169 in 1958. Only 5% ahead of 1958 at the beginning of November, department-store sales were 6% ahead in the second week of the month, 8% ahead in the third. Other signs of a faster beat in the economy...
...Contract awards for factories, stores and office buildings continued a two-month climb and pushed October nonresidential construction awards to a record $1,003,457,000, or 5% ahead of last year...
General Motors Corp., hardest hit, with 215,000 workers laid off and all production at a halt, was moving faster last week than even its own executives expected. G.M. expects to have all divisions operating at full speed by Dec. 18. Chevrolet plans to have 63,000 workers back, producing 40,000 cars a week, by about Dec. 16. The 13 Chevy assembly plants are shooting to break the alltime record of 188,410 cars produced last December. Chrysler Corp. finally had to shut down this week for lack of steel, but plans to start up again next week, will...
Demand for the new models is strong. One big factor is the powerful sales appeal of the compact cars, which account for 25% of total 1960 models produced so far. The orders are pouring in so fast that Ford last week made plans to shift over its Metuchen (N.J.) Mercury plant to produce Ford's Falcon and the new Comet, scheduled to make its appearance next spring. Ford will not cut back on Mercury -other Mercury plants will take up the slack. It just needs a third production facility to turn out all the compacts the U.S. public apparently...