Word: low
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Dates: during 1950-1959
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Originally at issue were demands by the printers, who average $40 to $50 for a 43½-hour week, for a 10% raise and a 40-hour week. Employers' groups flatly rejected them, later made an unacceptably low offer. The unions refused arbitration, called the walkout instead. Most provincial papers-about 1,100 weeklies and 87 dailies-soon were forced to suspend operations completely. Others put on the old school try, produced truncated editions using midnight oil and ingenuity...
Steel stocks were among the strongest, despite the strike threat (see below); investors recalled that steel shares showed marked gains during the 1956 strike, and that historically they have moved up after strikes. Many steel stocks topped their historic highs. Among them: Armco (up from a 1959 low of 64⅛ to 77), Inland (up from 43¾ to 53⅝). U.S. Steel (up from...
...every investor struck pay dirt. Several solid issues scraped their year's low. American Export Lines (which hit a crest of 34⅝ this year) slipped to 28⅞; Freeport Sulphur slumped to 27⅝ from the year's high of 37⅜. United Aircraft, one of the stocks in the Dow-Jones average, was off to 52½ from...
...Paul Rudolph, 40, Harvard-trained and now chairman of Yale's architecture department, got an A.I.A. merit award with his home for F. A. Deering (opposite). In a sharp break with the low, rambling Florida beach house. Architect Rudolph erected a building of surprising elegance and solidity on Casey Key, a sand strip near Sarasota, Fla. A shoebox on the exterior, the house is full of surprises inside. Ten rooms are ranged over five different levels like so many stage elevations. Ceilings vary from 16 ft. 6 in. (for the broad beach porch...
...first rung of the realty ladder. Two years later, according to Nickerson, the operator should have $5,800 in hand and be able to borrow $17,400 for a four-unit dwelling. By virtually geometrical progression, this mounts to $1,187,195 in 20 years. Arguing from the low foreclosure rate, Nickerson claims that an average man with "average luck" has a 400-to-1 chance of succeeding in real estate. By contrast, "Fifty percent [of new businesses fail] in two years." Arguing from population growth, Nickerson assumes an ever-ready and probably an ever-rising market for his type...