Word: record
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Dates: during 1950-1959
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April contracts for future construction rose 31% over a year ago to $3.8 billion, setting a new April record. With construction contracts running 22% ahead of last year for 1959's first four months, industry leaders were upping their forecasts, now expect a gain of up to 13% over the 1958 construction total. Machine-tool orders in April rose to $53.4 million over March's $51.5 million...
...gets tight, as Fannie May knows, lenders turn in their mortgages to get the cash they need for other investments. But the hike did not faze the stock market, which has dropped more than once at such news. At week's end. it forged ahead to a new record high of 643 on the Dow-Jones industrial average...
CORPORATE PENSION FUNDS rose $2.8 billion last year to record $22.1 billion. Companies added $1.2 billion in common stocks to portfolios, raised amount of funds in common stocks...
From Seattle last week, the first of the new Boeing intercontinental jet transports, the 707-320, whipped over the top of the world to Rome in n hr. 6 min., breaking the 4,225-mile nonstop commercial record claimed by the Russians with their TU-114. For overseas jet passengers, the new plane's 5,830-mile flight means an eventual end to the stopoffs now necessary on many transatlantic jet hops with the 707-120, which was not designed as a truly intercontinental plane. Delivery of the new model will begin in July-and for the airlines...
...recently cut corporate taxes on dividends from 30% to 15%, the index of average share prices vaulted from $45.24 on last Dec. 30 to $59.29 last week. In Britain, where the bull started putting on meat after the Conservative government lifted restrictions on consumer credit, the stock index piled record upon record all last week, closed 56% above the low of February...