Word: risen
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Dates: during 1950-1959
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...driver's seat is foxy Friedrich Flick, 75, a convicted war criminal who lost 80% of his steel fortune at war's end, bought a 37½% interest in Daimler-Benz between 1954 and 1957. Flick has driven Mercedes so fast and furiously that his stock has risen in value from $20 million to $200 million, and he has rocketed back to become Germany's No. 2 industrialist (after Alfried Krupp). Seeking a smaller car for the Mercedes line, Flick had Daimler buy 88% of the competing Auto Union company, which puts out the D.K.W. buggy (Manhattan...
...dribble out to keep up the pressure. At week's end he released another report stating that the impact of the steel strike "has been severe and is expected to be felt increasingly in weeks to come." The number of jobless workers in steel-related industries has risen to about 125,000-60% in railroads and coal mining-and 75,000 of them have applied for unemployment aid. But there is not yet any shortage of steel for defense plants, and none looms in the near future. Foreign steelmakers were supplying part of the demand, used the situation...
...sector of the market showed the need for adjustment more than the electronics stocks. They have risen more than four times as much as the market as a whole since January 1958 (see chart), have outpaced every other stock group. The average ratio of price to earnings among electronics stocks is more than 25 to 1, and some have been selling at up to 100 times earnings. Fairchild Camera soared from 91½ in April to 205 within three months, before dropping back to 142¾, where it is still at 50 times earnings; Texas Instruments has risen from...
Using local labor wherever possible, the oil camps have given employment to 20,000 Saharans-and thereby increased sales of radios, motor scooters and bicycles in the neighboring oases by 1,000%. Some Moslem employees have even risen to skilled jobs as truckers or members of oil rig crews, but for the bulk of their skilled labor the oil companies are obliged to look to France. To lure and keep the kind of men they need, the companies rely not on high salaries-top wages for an engineer are $700 a month-but on the pioneer spirit, a generous leave...
This frankly quantitative approach to riding is paying off handsomely this season for Robert Nelson ("Okie") Ussery, 23, who has risen from a dust-eater generally back in the pack of national rankings, as tabulated by the fact-finding Morning Telegraph, until he stands second only to the great Willie Shoemaker in booting home winners (224 v. 221) and total purses ($1,863,049 v. $1,128,474). It matters little to Ussery that he has had to ride 143 more races than Shoemaker to get his total, or that he has never won a major stakes event...