Word: near-record
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From all outward appearances, Manhattan's Wall Street, Chicago's La Salle Street, San Francisco's Montgomery Street and other financial districts should be cheerful places. Since the beginning of the year, the Dow Jones industrial average has repeatedly bounced to near-record levels, propelled largely by recurrent talk of peace in Viet Nam. Though stock prices remained relatively flat after last week's news of a tentative settlement between Hanoi and Washington, many market analysts still hope that the Dow will quickly pierce the magic 1,000 mark once a Viet Nam cease-fire...
EARLY in the economic recovery, consumers and businessmen both displayed a mood of great caution. Consumers saved money at near-record rates, and corporate executives continued or even intensified penny-pinching programs to reduce costs. Today the more important of these groups has come around to all-out optimism; consumers have gone on a spending spree and are plunging into debt at the fastest pace ever to finance it. They have caught up with the bullish projections of economists, while businessmen are still lagging a bit behind...
Puzzling Reversal. The interest turnabout seems contradictory. The Federal Reserve Board in the first quarter expanded the nation's money supply at a 9% annual rate. Consumers are saving at a near-record clip, putting still more lendable cash into financial institutions. About a fourth of U.S. industry's plant capacity is still idle, indicating no great need for expansion funds...
...sales have picked up strong momentum now that General Motors has restocked dealer showrooms after its 67-day strike last fall. G.M. Chairman James Roche's December prediction of 1971 volume totaling a near-record 9.5 million cars or more may easily be fulfilled. But the sales figures make even better reading for Japanese and West German automakers than for their American rivals. Detroit's car manufacturers are quietly burying their hopes that 1971 will be the year in which the imported-car invasion of the U.S. market is decisively repelled...
Senior Jim Coleman, who reached a near-record 6 ft. 9 in, outdoors last year, returns to lead the Crimson high jump contingent, while untested sophomore Clayton Bredlau looms as the top pole vaulter...