Word: months
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...October, as a result of the steel shortage, the auto industry operated at only 77.8% of its planned 646,200-unit level; in November it is planning only 290,000 units, the lowest schedule for the month since 1946. Even an early resumption of steelmaking would not help the industry in November, because of the time needed to fabricate the steel into auto parts and fill supplier pipelines. Faced with an auto shortage, buyers rushed to the showrooms. Dealers sold almost as many new cars in the first 20 days of October (338,465) as they sold...
...stock before they can resume production, even then will need several days to get their plants humming again. Moving ore to steel plants is almost certain to be a problem. The Great Lakes ore fleet, most of which is idled by the strike, has little more than a month left before the lakes freeze over, may not be able to supply enough iron ore to keep the mills operating until spring. Even if the steel firms decide to use more-costly rail transportation, not enough cars are available to move all the ore they need-and cold weather freezes...
Amidst the third-quarter earnings reports and stock-split announcements last week there was a standout: Westinghouse Electric Corp. With the company's nine months' earnings soaring ($3.17 per share v. $2.79 in 1958) on only slightly higher sales than last year, its directors recommended a two-for-one stock split, boosted the annual dividend rate from $2 to $2.40. For Westinghouse, the nation's oldest (73 years) and second largest electrical equipment maker (first: General Electric), the split climaxed a three-year drive to reorganize the company and recover from a crippling five-month...
...nation's steelmakers, the strike's effect on earnings was all too apparent. All continued to report heavy third-period losses, though most showed nine-month results ahead of last year. Top ranking U.S. Steel had its first quarterly loss in 21 years, and its largest ever. Big Steel lost $31 million in the July-September period, but had nine months' earnings of $3.80 per share v. $3.56 last year. Other nine-month steel earnings: 1958 1959 Bethlehem Steel $1.68 $1.75 Jones & Laughlin 1.45 3.15 Wheeling Steel 1.80 2.78 Inland Steel 1.86 1.99 While second-quarter earnings...
...bulls, who think the market will rise. A call is a negotiable contract giving the purchaser the right to buy stock, usually in 100 share lots, any time during a specified period running from 21 days to a year or more. For example, last June Filer sold a six-month, ten-day call on American Motors for $625. This gave the purchaser the right to buy 100 shares of American Motors at 37⅛ at any time before the option expires on Dec. 7. With American Motors now selling around 80, there is already a profit of more than...