Word: motoring
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...around 6% v. 3% for triple-A bonds, and dividends on Big Board stocks in 1951's first half were 17.3% above the 1950 period. The whole market is still full of good earning stocks which have had no major rise. Many stocks (e.g., Foster Wheeler, White Motor) are still selling for less than the actual cash (net working capital) in the company's till. The very "exclusiveness" of the market so far makes bulls proclaim that the "real" bull market cannot begin until whole broad new segments of stocks come in for heavy play. For example...
...Buck Rogers fantasy. It is long, sleek, round as a cigar, and fitted with a pair of stubby supersonic triangular wings. In its nose, the missile carries a sand-filled dummy warhead. In its tail, the Matador carries a jet engine for endurance and a huge, underslung rocket motor for take-off power. Inside the Matador, every inch of space is crammed with fuel and the humming electronic navigator that guides it to its target...
...fighting erupted in one sector after another, U.N. combat commanders asked their G-2s, "Is this it?" The G2s didn't know, but the portents were strong. Red motor traffic behind the front was the heaviest of the war. Allied airmen destroyed or damaged 4,364 vehicles in one week-but they could not claim to have stopped more than a fraction of the traffic...
This week Don Douglas' inventors-of-necessity announced a new device which may well save hundreds of lives: a sea-rescue life raft which can be shot torpedo-like from a plane. On contact with the water, it inflates itself, starts its own outboard motor, can then be guided by radio beam from the mother plane to floating survivors. Now Douglas engineers are working on a brand-new project. Douglas Engineer Ed Heinemann, who thinks the aircraft bomb is the one piece of equipment which hasn't kept pace with aviation's modernization, is working...
...reason for the increases, Board Chairman K.T. Keller said that the profit on Chrysler cars and trucks in the first half of this year was "only 2.57% of sales as compared with 6.34 for the entire year of 1949 and 5.84% for the entire year of 1950." Ford Motor followed with its proposed increases: Ford, $41.35 to $65.91; Mercury, $40.45 to $52.52; Lincoln, $69.57 to $75.06; Cosmopolitan, $56.90 to $70.77. But they were computed only on the wholesale price; the retail increases will be bigger...