Word: near-record
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Republican. With this in mind, New York's Governor Nelson Rockefeller was standing by, just in case public opinion should swing against Ike and Nixon, and the Republicans should need an unencumbered candidate. But a post-summit Gallup poll of the President's popularity showed that a near-record 68% of the public thought Ike was doing well...
...With steel operating at 95% of capacity last week and pouring a near-record 2,707,000 tons, automakers scheduled their highest production in three years...
...President Loren M. Whittington of Cleveland's Society National Bank. "Business has to get money for inventory and capital spending by borrowing. But banks are pretty well loaned up." Inventory buying has already begun to level off. In 1959's first half, manufacturers boosted inventories by a near-record $2.9 billion, raised the total to $52.1 billion, fast approaching the alltime high of $54.2 billion in mid-1957. But in July, inventories rose by only $100 million. The steel strike is another major factor in slowing inventory buying. "Steel is having its recession right now," explains a steel...
Chrysler rolled up near-record earnings of $4.90 a share in this year's second quarter, hiked half-year earnings to $6.65 a share on a sales gain of 42% over last year. The news seemed so good to President Lester Lum ("Tex") Colbert that he hastened to warn stockholders against expecting too much in the second half because of lower production schedules and the cost of building and introducing 1960 models...
When it comes to steel industry profits, a key point in the argument, management and labor find it even harder to agree on the facts. Last week the Government announced that the steel industry's near-record first-quarter profits of $374 million after taxes represented 11.7% of stockholders' equity, higher than in U.S. manufacturing as a whole (10% of equity); second-quarter earnings are expected to be even rosier. But the Government's report also pointed out that over the last ten years steel has not done as well as other industries, and steel companies complain...