Word: quarterly
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Dates: during 1950-1959
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Shock Effect. Partly, the paradox of fewer available goods despite increased production comes from outright figure faking. A full quarter of 1958's bumper "grain" crop was not grain at all but sweet potatoes, which Chinese dislike, and eat only when nothing else is available. But the fundamental trouble is that in their headlong rush to convert China into a modern industrial power, Peking's planners have tried to do too much too soon...
Ford Motor Co. last week wheeled out a racy earnings report that was a prime example of the fast snapback scored by many a recession-hit corporation. In the last three months of 1958. Ford earned $111.9 million or $2.05 a share, the second-best fourth quarter in its history (best: 1955). This wiped out the nine-month loss, gave to the company a respectable net for the year of $95.7 million or $1.75 a share...
Paul C. Mangelsdorf, professor of Botany, his wife, and Samuel A. Stouffer, professor of Sociology, received a total of $81,000 in research grants from the Rockefeller Foundation during the last quarter of 1958, a Foundation report announced recently. In addition, Francis M. Pipkin, assistant professor of Physics, has been named an Alfred P. Sloan Research Fellow by the Sloan Foundation...
Some hard-hit industries were naturally taking more time than others to climb back to pre-recession levels. Yet even in oils, still beset by political troubles abroad and price problems at home, the fourth-quarter pickup was strong enough to cause Chairman K. S. Adams of Phillips Petroleum to predict: "If present trends continue, both gross and net income in 1959 will be the highest in the company's history...
...Fourth Quarter Year...