Word: risings
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Dates: during 1950-1959
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Though the price rise in food (1 % ) was the biggest single item on the index, TIME correspondents around the U.S. found that the nibbles that niggled most were such major items as increased medical costs (up in Atlanta 4.5% over last year) and dozens of minor expenses, e.g., shoeshines (up 10? to 35? in Sacramento) and haircuts (up 25? to $2 in San Francisco). Everywhere, middle-income families felt the pinch of such pressures as rising commuter fares, real estate prices, taxi taxes, pipe tobacco and cigar taxes, real estate taxes, school taxes, gasoline taxes. The state of Washington alone...
...Agriculture Department had price news that tickled every American right in the breadbasket, just when a rise in the cost of living (see NATIONAL AFFAIRS) was hitting him in the pocket. Prices of beef will slip 5% to 10% in the next few months, and prices of fruits and vegetables will also drop, perhaps enough to pace a dip in the consumer price index...
...Administration economists now feel that the sharp, recovery-inspired rise in industrial production (23% since June 1958) is about ready to level off and, because of the steel strike, may briefly drop a bit. After the drop they see a rise in output to an even higher level. Leading the way will be the 1960 auto model year that begins in October, and a capital-goods boom that is expected to run at the annual rate of $34 billion by the last quarter of this year...
GENERAL ELECTRIC. First-half profits climbed 13%, from $1.18 to $1.34, on a 4% sales rise, in what Chairman Ralph Cordiner called "a continuation of the steady improvement begun last year." Cordiner was "encouraged" by increased consumer spending and a hike in expansion spending by industry...
...LORILLARD. First-half earnings rose to $2.02 a share, up 15% from last year. The performance, said Chairman Lewis Gruber, was due to a $19 million rise (to $240 million) in sales of Kents, Old Golds and Newports...