Word: lowers
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Dates: during 1950-1959
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...lower slopes of the Mount Kilimanjaro that Hemingway celebrated lives a tribe almost unique in Africa-Christian, prosperous (with a $6.000,000-to-$8,000.000 annual coffee crop), and ruled by a British-educated chief known as King Tom. In the land of the Chagga, whites work for the blacks-and both accomplish a lot. See FOREIGN NEWS, "Look What...
...Congress rammed through a 75% parity freeze-which Ike brusquely vetoed. Then 1958's farm prosperity (TIME, May 12) began splitting the congressional farm bloc: the House refused even to consider a wild, catchall Democratic farm bill, and the Senate passed a strong bill which would 1) significantly lower price supports, and 2) loosen acreage controls for corn, cotton, rice and grains. Benson pronounced himself satisfied with the Senate bill-and fought to keep the House from diluting it. Speaker Sam Rayburn got mad at Benson's persistence, refused to force the farm bill to the floor. Unless...
...Smith & Co.: "The market is enormously dangerous at current levels. There is a great deal of ignorant and superficial buying which is using inflation as an excuse. Unless inflation shows up in earnings and dividends, this reasoning is stupid. The market over the next six months will sell materially lower, touching last fall...
...expected to protect the small, supposedly uninformed investor, its margin-raising action was not necessary. The small investor has been doing very well. For the past year the professional traders, large investors and stock specialists have been selling more than buying, in the belief that the market would go lower. But the small investor, as shown by the odd-lot (under 100 shares) records, has been buying more than selling, added a total of 13,679,000 shares to his holdings by midyear. In June many small investors began to cash in their profits. Since then, they have been selling...
...Buick, its production of '58s halted at 242,000, v. 400,000 in the '57 model year, has scrapped its boxy, overchromed styling, will turn out a comparatively chrome-free, conservative "comeback car" in a "complete break with the past." The longer, lower, wider '59, which will come out in mid-September, will taper from its flaring, high-finned rear to its shovel-snouted front. It will have slanting double headlights like the 1958 Lincoln's, and bigger front and rear windows. Only this year's toothy aluminum grille will remain...