Word: quarter
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Dates: during 1950-1959
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...Fielder. Along the 15-mile road to Warsaw, perhaps a quarter of a million Poles waited for a glimpse of the Vice President. Ten deep in many places, they included hundreds of Polish army troops, who, in a gesture unimaginable in any other Red nation, waved right along with the civilians. And as white-helmeted motorcycle cops slowly cleared a path for Nixon's car, the crowd kept up a steady roar: "Bravo, Americans! . . . We love Americans . . . Long live Nixon . . . Long live Eisenhower...
Broken Records. U.S. Steel Chairman Roger M. Blough, who has led the industry's fight against higher wages for steelworkers, reported that Big Steel's profits reached record levels of $2.64 per share in the second quarter v. $1.25 in the same quarter last year, raising half-year earnings 96% to yet another record: $4.50 per share for the half-year v. $2.29 last year. Steel sales for the quarter rose to a record $1.4 billion, hiking first-half sales $1.1 billion above last year to a record $2.5 billion...
Bethlehem Steel set new records with second-quarter profits of $1.59 v. 61/ last year, first-half profits of $2.64 v. $1.13 last year. President Arthur B. Homer reported that Bethlehem's billings of $1.4 billion for the first half also touched new highs; so did production, which was running at 97% of capacity just before the steel strike. From Republic Steel Chairman Charles M. White came another record report to round out the picture: the nation's third largest steel firm ran up quarterly earnings of $2.57 a share v. 98? last year, half-year earnings...
Apples & Pears. Rarely has good news been presented with more furrowed brows. Big Steel's Blough astutely cautioned that high second-quarter earnings reflected "an unusually high demand artificially stimulated by our customers' fear of a steel strike." Comparing current earnings with profits in recession 1958, said Bethlehem's Homer, was comparing "apples and pears." Republic's White called his company's second-quarter record "to a major degree a result of robbing business from the third quarter." Such profits, he said, must be "the regular order of business" if the industry is to modernize...
From nearly all sectors of industry, earnings were rising in what appeared to be the biggest quarterly gain over the comparable quarter a year before since the end of World War II. General Motors' Chairman Frederic G. Donner reported that corporate sales of $3.3 billion in the second quarter were the second best in history for that period (best: igss's $3.4 billion). G.M.'s first-half earnings climbed to $2.08 per share, v. $1.17 in the same period last year. Westinghouse Electric Corp. showed how well it had stepped up efficiency under President Mark W. Cresap...