Word: pers
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Dates: during 1950-1959
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...first trickles of third-quarter earnings reports from industry's accountants were uniformly good. Thanks to big defense orders and strong consumer sales, General Electric Chairman Ralph Cordiner was able to announce record nine-month earnings of $189,512,000, up 17% to $2.16 per share for the nation's biggest electrical-equipment firm. Giant International Business Machines had a nine-month profit of $102 million, up 10%. Drugs, retailing and food companies all were up, with cheery reports from R. H. Macy & Co., Upjohn Co., Kroger Co. Ford Motor was doing so well that it declared...
RADAR FIGHT is brewing between Federal Aviation Agency and Air Transport Association. FAA wants weather radar on all four-engined passenger planes, but airlines, which have ordered radar on nearly all new planes, argue that it would be too expensive (up to $80,000 per plane) to equip old craft...
Pick Your Acreage. The trouble for both farmers and taxpayers lies in the new corn-support laws passed by Congress last year. Under the old system, farmers who voluntarily restricted their acreage were protected by a support price of $1.36 per bu., while those who planted all they wanted to plant got only $1.06. The new law, supported by both Republicans and Democrats, aimed at compromise with a straight $1.12 per bu., with no attempt to control acreage. Secretary of Agriculture Ezra Taft Benson rashly guessed that there would be little increase in corn production. Even when farmers disclosed their...
...open market of the last three years, with a floor of 65% of parity. This year market prices are poor. Farm storage space is already so taxed that farmers will have to sell much of their crop in the open market at prices as low as 90? per bu., for the lack of a place to store it. Averaged over three years, the lower prices mean that a 4?-to-6? drop is possible next year in the price-support level...
Last week at Grand Ridge, Ill., Arthur Walter Seed Co. was offering farmers a pick-your-yield service. The farmer merely brings in a soil sample, writes down whatever number of bushels per acre he desires, and in half an hour gets back a seed and fertilizer prescription. Says Vice President Everett C. Walter: "It's just as easy to raise 100 bushels an acre corn as 50 bushels. The only chance is weather, and there is not too much chance in that...