Word: millions
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Dates: during 1950-1959
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...past three years, Harvard University has diligently appealed to its alumni in a well-planned drive to raise $82.5 million. Purpose: a lavish refurbishing of Harvard College (TIME, Nov. 26, 1956). Last month, still about $10 million short of the goal, Harvard went back to wealthy alumni who had already given. Last week the results were announced: out of deep pockets in three weeks flowed 18 six-figure gifts totaling $3,100,000, to boost the pledges to $75 million. No sooner had the word been issued than other Harvard-men jumped in to help raise the remaining...
...shape. At 36 he reorganized New Jersey's Spicer Manufacturing Co., maker of the first successful universal joint for autos. By the time Spicer was renamed Dana Corp. in 1946, it was a Toledo-based complex of five thriving auto-parts companies. Net sales last year: $168.5 million...
...problems as they tried to placate hordes of well-heeled customers who nocked into the stores for a record Christmas-buying spree. Dun & Bradstreet analysts estimated that sales in the nation's department stores and mail-order houses will reach a record $2.4 billion in December, up $200 million from 1958, the previous record...
Steel. Joseph L. Block, chairman of Inland Steel, predicted that, barring a new strike, the nation's mills will pour 70 million ingot tons in the first half, 130 million during the whole year, up from 92 million in 1959 and above the alltime high of 117 million...
Automobiles. Detroit is upping its estimate that 6,500,000 to 7,000,000 cars will be sold in 1960, including half a million imports, said W. C. Newberg, executive vice president of Chrysler Corp. No one is now thinking of a range much below 7,000,000 units. Reason for rising optimism: the large number of sales deferred by this fall's steel shortage, plus "the excitement over the new economy cars that has helped to stimulate sales in all other price classes...