Word: national
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Dates: during 1950-1959
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...first test of the 1960 auto market came last week as the new cars rolled into the nation's showrooms-and the rush was on. The big sales news of the week was made by Chevrolet's compact Corvair. In its first two days of public showing, the Corvair chalked up orders and deliveries of 26,000 cars, more than 35% of Chevy's two-day total of 75,000. The news was both good and bad for Chevy: the company had hoped to sell one Corvair for every five Chevrolets; instead, it was selling...
Fins & Tail Gates. The new 1960 models continued to pour into the nation's showrooms. American Motors rolled out the new Rambler American, followed this week by the Rambler Ambassador. For the first time, the 100-in.-wheelbase American will be offered in a four-door model. At a factory list price of $1,720, it will be the lowest-priced four-door car built in the U.S., $83 below Ford's four-door Falcon. The larger Rambler Ambassador also offers a new five-door station wagon, in which the fifth door replaces the tail gate...
...fact that the slide will not be more severe is a good indication of the basic health of the U.S. economy. Despite the steel strike, most sectors of the economy are moving along steadily. To help offset a bigger drop caused by inventory depletion, the gross national product will benefit in the third quarter by increases of $1 billion in state and local expenditures, $1 billion in new plant and equipment, $3 billion in consumer spending. "Despite the crippling of one of the nation's chief industries," said the First National City Bank of New York in its monthly...
...individuals and organizations bought nearly half of the $2 billion issue. Only 26.6% went to commercial banks; thus Treasury officials were highly pleased that most of the issue was kept out of the commercial banking system, which pays for Government securities with newly created dollars. The Government increases the nation's purchasing power when spending these dollars, thus adds to inflationary pressures...
When the New Deal asked Congress to regulate the nation's stock exchanges in 1934, Wall Street and leading industrialists fought the bill with such fervor that Texas Democrat Sam Rayburn called their opposition "the most powerful lobby ever organized against any bill which ever came up in Congress." Last week, as the Securities and Exchange Commission celebrated its 25th anniversary, the SEC was as accepted in Wall Street as the Stock Exchange, got due credit for helping raise the standards of stock trading and corporate financing to the highest in the world. But there were still complaints. They...