Word: months
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
After three months of the longest industry-wide steel strike in U.S. history, the shelves of industry were finally showing some bare spots. Manufacturing and trade inventories at the end of August stood at $89.4 billion, a decline of $400 million from the previous month. Commerce Department experts predicted that inventories, which had been building up at an annual rate of $9.8 billion in the second quarter, would be cut so sharply that the rate may drop by more than $10 billion in the third quarter. Chiefly because of the depletion in inventories, they expect the gross national product...
...such a crowd on the floor," said the vice president of a New York mutual savings bank, "that for a moment I thought there was a run on the bank." All over the U.S., investors pulled their money out of their institutionalized socks to buy the four-year, ten-month issue, which finance officials have gleefully dubbed the "magic fives."* The New York Federal Reserve Bank reported that savings deposits in local commercial banks fell by $45 million following the Treasury's announcement-an unusually large one-week decline...
...also stirred interest in other Government bonds, perked up the market to the best level in weeks. Though nearly $9 billion of Treasury securities fall due Nov. 15 and must be refinanced, they continued strong on the hunch that if the Government comes back with another 5% issue next month, the holders of these notes would receive valuable subscription rights...
Furthermore, the 5% bonds loosened the pressure on the short-term market. The discount rate on the three-month bills offering dropped noticeably (4.194% to 4.007%) before a new issue at week's end was offered at a record high 4.262%. Treasury officials, however, called the jump temporary, expect that the rate will decline again this week...
...transformation. As he spread his wings, he junked all of Avery's policies, started Ward's on one of the biggest expansion programs in U.S. industry. For the last year, the company has been opening new department stores at a record rate. In the last month alone Barr has overseen the opening of new stores in Richmond and Oakland, Calif., and the company's largest store in Detroit's suburban Livonia shopping center; he plans to open stores in Abilene and Tyler, Texas within the next months. Ward's sales reflect the growth: last week...