Word: near-record
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Rain & Buckets. As primary day approached, the forecasters said that Mitchell needed sunny spring weather to bring out a big enough popular vote to overcome the solid blocs controlled by the party. Primary day dawned grey and wet-but the voters still sloshed to the polls in near-record numbers. Mitchell piled up big margins in Essex and Union counties, whipped Jones by 42,000 votes...
Stock selling to meet tax payments usually checks the market at this time of year. But it failed to affect it last week. The volume of trading, which has been steadily rising (see chart), remained at near-record levels. On three days last week, more than 5,000,000 shares were bought and sold on the New York Stock Exchange. The trading was among the broadest in the exchange's 168-year history, with shares in 85% of the listed issues changing hands daily...
...cash will help pay for the near-record $2.5 billion A.T. & T. plans to spend on expansion next year, more evidence to Wall Streeters as to why A.T. & T. is now considered a growth stock. For almost four decades, even though the company expanded steadily, its stock was considered more like a bond, an investment for widows and orphans who needed steady, unspectacular income. When dividends were raised for the first time, investors took a second look, saw that the company was riding the crest of the population explosion, new automation techniques and space-age electronics...
Mullin Posts Near-Record Time...
...make sure dealers have enough new cars, automakers pushed production last week to near-record rates. General Motors' output was up 100% over the previous week; Ford was up 34.7%; Chrysler was up 18.7%. Auto production this month is 60% above last year-second only to the record rate achieved...