Word: offsets
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Dates: during 1950-1959
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DESPITE the price dip in natural rubber, which has fallen 4? a Ib. since May to a 3½-year low, tiremakers will not cut their prices. Reason: they expect forthcoming wage hikes will more than offset the savings in raw materials...
BROKERAGE fees for traders on the New York Stock Exchange are expected to go up an average 15% this fall after members approve the boost to help them offset the rising cost of doing business...
These rises were partially offset by the continued weakness of farm prices, notably wheat. But farm prices steadied some last week after the Agriculture Department announced emergency loans would be granted for wheat "stored" in the open...
...this week it dropped another 10 cents a bushel. Chief reason: the Agriculture Department had raised its final estimate of the 1953 wheat crop to 1,132,500,000 bu., almost 100 million bu. higher than the estimate made a month earlier. This was more than enough to offset the week's more encouraging news, i.e., President Eisenhower's request that the U.S. send Pakistan 1,000,000 tons of wheat...
...public blew even more, withdrawing $25 million from private savings accounts in less than two weeks. Receipts from U.S. tourists brought in a useful $17 million, the equivalent of two weeks of British exports to the U.S., but the loss of coal production (over 1,000,000 tons) offset this gain...