Word: lower
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Dates: during 1960-1969
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...Supreme Court has accepted an appeal to hear the case on Dec. 5 and has barred further lower court proceedings in the meantime. Nobody in Georgia knows what will happen, much less how long it will take the Supreme Court to make up its mind. Because each possible decision favors one candidate or another, the Court risks charges or judicial involvement in party politics by reviewing the case. Maddox wants the legislature to vote, Callaway wants a runoff, and the moderates want a new election...
During the first third of November. Cadillac, Buick and Pontiac shattered sales records. The tendency of customers to trade up from lower-priced cars cheers most automakers because costlier cars bring fatter profit margins. But what worries the auto companies' big-picture men is that once a customer hankers to trade for something fancier, he may jump to the other firm's line. In October, sales of Ford Motor's middle-priced Mercurys fell 11%, to 33,000, and its Lincolns dropped 18%, to 7,300. For that reason Ford shifted drivers at its Lincoln-Mercury Division...
Still Very Good. Going against the higher-priced trend is the surprising surge of lower-tagged imports, which are racing 27% ahead of last year and should easily crack the record of 614,000 sold in 1959. In the first nine months of 1966, Volkswagen spurted from 277,000 sales to 308,000, while G.M.'s "German Opel climbed from fifth place to second among imports, with sales of 25,000, followed by Sweden's Volvo, Britain's MG and Japan's Datsun. The Japanese cars are rising fast: Toyota is now the second best-selling...
...overpriced, but Argus reported that there was a hint of over-inventory. Advancing technology had cut the cost of making microcircuits, but the savings had not yet been passed along to customers; for weeks there had been suspicions of an impending price slash, which presumably would be reflected in lower earnings. Morning after the Argus report, a big mutual fund, with its own pessimistic conclusions about Fairchild, offered a block of 100,000 shares; almost immediately, a second fund came in with another 100,000. Now everyone seemed to be selling Fairchild-and Texas Instruments and Motorola into the bargain...
Modern transportation, cheaper power and an auto-borne labor force have largely freed industry from its old need for locations close to mines, markets or seaports. However it strikes consumers Massachusetts' new sales tax is helping the state to win back industry because it holds the promise of lower property taxes. Illinois has taken to needling New York City (see cut). Said one recent ad: "We figure New York will probably have a typhoon next week," and it goes on to say, "Typhoons hardly ever happen north of Pago Pago, but the way your luck has been running...