Word: near-record
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...some, the new inflation spelled trouble. Harvard Economist Sumner H. Slichter urged the Government to clamp the lid on mushrooming consumer credit, now at a near-record $18.6 billion, and admonished businessmen to "exercise caution in the accumulation of inventories." Slichter thought, however, that if employment stays up, the current level of business might easily last for nine months to a year longer...
...near-record crop of 37 million pigs began moving to market this spring, the seasonal glut sent the average price of pork dropping to $16 a hundredweight. Secretary of Agriculture Charles F. Brannan warned Congress that unless it gave the Commodity Credit Corp. an extra $2 billion for the overall price-propping program, he could not support the pork market. When Congress did nothing, Brannan's economists gloomily predicted that unsupported pork might fall as low as $10 a hundredweight...
...nation's jeans jingled cheerily last year with a near-record $209.8 billion in personal income-just a clink and tinkle below the alltime high of $211.9 billion in 1948. Landlords, merchants, and other unincorporated businessmen made 9.5% less than they had the year before. But pay envelopes ($133.5 billion), dividends and interest payments were even higher. Only the farmers had cause to wonder if there were holes in their pockets: the nation's agricultural income of $18.4 billion was down 20% from 1948's $23.1 billion...
...field to the first turn, he felt suddenly relieved. But when he thought he heard feet padding too close to him, he spurted again. As his lead widened to 15 yards, friends shouted, "Slow down, Herb! Slow down!" He had stepped the first 440 yards in 48.8 seconds, near-record time, but it was too fast a pace for the 600. With half a lap to go he began to stagger, and Brooklyn's Frank Fox made a bid to pass...
Brightest spot is the construction industry. Although it started off slowly this year, building has generated plenty of steam. In June and July, a total of 196,000 new housing units were started, 4,200 more than in the near-record year...