Word: risings
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Dates: during 1950-1959
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...total of $89.1 billion, an $800 million increase from $88.3 billion at the end of May. The inventory increases largely reflected a buildup of steel stocks in preparation for the strike which showed no signs last week of being settled. Merchants were also prompted by soaring sales. Despite the rise, the ratio of stocks to sales has edged down to the lowest level since...
Chairman Martin pointed out that the index of industrial growth is a more significant indication of the economy's bustle than many other indicators, such as gross national product. It is a pure index of real production, does not include the inflationary rise in prices, which often makes the rise in other indexes seem greater than it actually is. Said Martin: "As the structure of the economy keeps changing, the job of combining measures of its many parts into a single index cannot be done without having to make major revisions every few years." With increasing use of electronic...
TALLEST BUILDING west of Mississippi will be built by Humble Oil Co. in Houston. It will cost $32 million, rise 44 floors (604 ft.), eight floors higher than Dallas's Republic National Bank Building, now tallest...
...Wall Street's favorite guessing games in recent weeks: "When will oils begin to catch up with the rest of the market?" The answer came last week, as surging oil-company earnings reports gave oil shares their sharpest rise since the easing of the Suez crisis in December 1956. Standard Oil Co. (NJ.) rose 3$ points to 54⅛ as it reported earnings of $1.47 per share, v. $1.22 in the first half last year. Gulf Oil Corp. stock added 6| points during the week to close at 116⅛, after reporting first-half earnings of $4.38 per share...
...earnings rise came from a strong demand for oil products that exceeded earlier industry forecasts. With record six-month sales of $621 million, Sinclair Oil Corp. boosted profits to $1.76 per share, v. $1.45 in the first half last year. Second-half prospects, noted Sinclair Chairman P. C. Spencer, are even brighter. Said he: "In July gasoline prices began to strengthen appreciably, and if this trend can be maintained, it is reasonable to expect that the remainder of 1959 should continue to show improvement...