Word: risings
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Dates: during 1950-1959
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...construction reached $4.2 billion for April, up 13% over last year for the first four months. Private construction, up nearly $400 million over last year to $2.9 billion in April, also reached a new record of $10.7 billion in the first four months, largely helped by a 29% rise in home building over last year. Federal Housing Commissioner Julian Zimmerman predicted 1,284,000 new housing starts in 1959 v. 1,201,000 in 1958, but private builders were more optimistic. The National Association of Home Builders estimates "conservatively" that the industry will strike a 1,300,000-start year...
...rise in housing construction has a built-in problem. The pressure for mortgage money usually tightens the money market. So far this year, mortgage money has not had to compete seriously in the money market because business has kept its capital expansion low. But as home building picks up and improved business sends more firms to the money market, tighter money could take the bloom off the housing boom. Fortnight ago, the Federal National Mortgage Association reported that it purchased more mortgages in the first quarter of this year than ever before, indicating that banks and other lending institutions...
...necessarily so. To push up the price the company must also raise the dividend. After a two-year study, C. Austin Barker reported in the Harvard Business Review that 75 companies that split their stock and raised the dividend quickly gained 18% in price over and above the rise in the market, held the gain six months later. But a group of 13 companies that split their stock without raising dividends temporarily gained only 5% in price, dropped back 8% below the market level by the end of six months. Nevertheless, in a rising market lower-priced, split stocks tend...
Makers predict that production of room units will rise from last year's 1,350,000 to about 1,700,000, and shipments of central air conditioners will go from last year's 224,000 to 280,000. They expect a boost from the record number of new houses going up this year (see Construction); 10% of them will be built with central air conditioning v. only 1.4% in 1952. Says the Federal Housing Administration: "Within a few years, any house that is not air-conditioned will probably be obsolescent...
...found two potent derivatives: androsterone and etiocholanolone, with properties different from those of their parent substances. Example: androsterone lowers the level of circulating cholesterol (though testosterone may raise it), may thus be useful in combating atherosclerosis and reducing the danger of heart attacks and many strokes; etiocholanolone triggers a rise in body temperature, may be involved in mysterious fevers and some rheumatic diseases...