Word: near-record
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...stock market reflected the resurgence. The Dow-Jones industrial index last week reached 721.09-up 185.33 from the low point after last May's historic dive. Corporate profits rose nearly 7% in the first quarter above a year ago and are expected to maintain near-record levels through the new quarter...
...once more sniffed inflation in the air-whether it was really there or not. Spurring the market's expectations were President Kennedy's request for the largest federal budget in history and his tax-cut proposals, which will help spur investment even while they contribute to a near-record peacetime deficit. And the Washington-dictated inflationary settlement of th East Coast dock strike led Wall Streeters to surmise that the brakes were at last off on labor's demands...
...butterfly Joe Stetz faces Navy ace Buchanan, a meeting which could produce near-record times. The Middles also will put forward especially strong men in the breaststroke, against Bill Chadsey and Porky Pitts, and in the dive against Dan Mahoney and Jeff Lewy...
...statement issued within a few hours of the Soviet change in commandants-a near-record feat for the State Department-the U.S. replied bluntly: "Regardless of how they organize themselves administratively, we continue to hold the Soviet Union responsible for carrying out its obligations in Berlin under existing agreements." It added: "This move appears to be an attempt by the Soviet Union to absolve itself from responsibility for the Communist actions in Berlin which have increased tensions so dangerously in that city...
...first distribution alone-and will then be obliged to turn around and get rid of the G.M. shares itself. Even in a normal market, such an unloading could affect the prices of both G.M. and Du Pont shares. Most market analysts agree that G.M., which expects a near-record sales year, should be able to withstand the shock. Even Du Pont, though its dividends will drop with the loss of its income from the G.M. shares, should bounce back. Said one specialist: "At present prices, Du Pont would still be selling at about 20 times earnings, and this...