Word: recording
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Dates: during 1950-1959
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...Gains. The news pouring from Government and corporate statisticians told of gains all around. Industrial production for April rose two more points to another record high at 149 on the Federal Reserve index. Nondurables were up a point, and slow-moving durable goods were finally sprinting ahead with a four-point advance to 164 on the index and the highest level since early 1957. With the housing boom still clipping along in April at a record rate of 1,390,000 new homes a year, output of building materials was up sharply; so were appliances, TV sets, furniture...
...Detroit, spring was really spring for the first time since 1955. Sales in the first ten days of May were at a near record 19,768 new cars daily, so good that Ward's Automotive Reports predicted production of 500,000 units in May, another 500,000 in June, and possibly even another in July, traditionally the tailoff month in every model year. For steel, it meant one more increase, with schedules calling for 94.1% of rated capacity and record production of 2,665,000 tons this week...
...what might well send Wall Street's stock market higher still was contained in the predictions of industry's executives. Ford Vice President Charles R. Beacham predicted that auto sales in 1959 would top 1958 by 40%. U.S. Rubber General Sales Manager Herbert D. Smith predicted record sales of 94.5 million tires this year for the replacement market, to say nothing of the 29 million tires that go on new cars...
...capacity for 145,000 tons per month, to be added at Republic's Warren, Ohio plant. To dispel any doubts about overcapacity, Republic's Chairman Charles M. White told stockholders that he foresees the possibility of total steel industry output in 1960 exceeding 1955's record of 117,036,085 tons. Republic, which has boosted its own steelmaking capacity nearly 50% since the end of World War II, may, said White, well add another...
...orders. General Electric's large steam-turbine-generator department said that orders thus far this year are almost equal those for all of 1958, while Allis-Chalmers' backlog of unfilled orders has risen 72% since the end of last year, now stands at $225 million, a record peacetime total. Other sectors of the capital-goods complex, such as generator makers, locomotive builders, and construction equipment manufacturers, reported rising new business. Summed up McClure Kelley, president of Baldwin-Lima-Hamilton (machine tools, road-building equipment): "The improvement comes from an across-the-board increase in our regular business...