Word: normalities
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Dates: during 1950-1959
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...Refuted a surge of anti-American rumors in Paris to the effect that the U.S. cut off oil supplies to France at the height of the Suez crisis to signify disapproval of the Suez invasion. Declared U.S. Ambassador C. Douglas Dillon: "The truth is exactly the opposite," i.e., with normal French deliveries at 41,000 tons weekly, "in the second week of November U.S. shipments reached 212,000 tons." and by the first week in December had increased over twenty fold to 920,000 tons...
Reported the Department of Agriculture last week with an urgency that broke through the cold officialese: "In many places in the Great Plains, moisture conditions are the worst in recorded history." The result: after only one month of the normal (November-May) annual "blow" season, the acreage of crop and range land damaged by soil-eroding winds in the ten-state area was already three times larger (almost 2,000,000 acres, one-third of them in Kansas) than in the same period last year. Moreover, with the peak of the high-wind season yet to come, some 29 million...
Understandably, all the areas under exploration hold high hopes for a bonanza, and in general their oil laws, dropping the oil-is-ours nationalism of the past, invite exploration. But there was a sobering reminder in the failure to find oil in Peru's Sechura region: the normal signs may all be favorable, but you never can tell until someone with plenty of money and know-how gives it a good, hard...
...machines. Says Republic Steel Vice President Norman W. Foy: "Our policy is hard on stockholders, but there is no alternative." Though dividends were up slightly to $12 billion v. $11.2 billion in 1955, they were still only 60% of profits compared to the 75% that corporations consider the normal payout to stockholders. As one result, Wall Street's bull market did not reflect the boom. It climbed to a high of 521.05 on the Dow-Jones industrial average in April, then slipped back 50 points, and at year's end was just about where it started...
Like Allen, thoughtful businessmen in industry after industry, from farm machines to appliances, see few limits to the products they can sell. "A million new families are being formed every year," says an Admiral Corp. official, "and normal replacement on top of that gives us our market." The same 1,000,000 families, plus the fact that 300,000 houses are torn down and must be replaced each year, should give housebuilders a continuing market of 1,300,000 new houses annually a few years from...