Word: roses
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Dates: during 1950-1959
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...difficulties (the University could attest that there are many) might be. When the general picture of American private debt is considered, however, these figures do not seem so formidable. In the past decade consumer credit went up nearly three and a half billion dollars a year, and mortgage debts rose nearly eleven billion a year. Gross savings, at thirty seven billion in 1947, are predicted to jump to a hundred billion by 1970. The increase in debt incurred by the Harris plan would, in this respect, be relatively small...
...Young to Know. In 42 years with Manhattan's Russeks clothing store, David Nemerov rose from window dresser to president, and later chairman of the board. Last year he began to find the position "worrisome," and retired to Palm Beach to paint. Now 64, and one year old as an artist, Nemerov is happy and unworried. Last week a Manhattan gallery put on a show of his crude but luminous and intensely colorful pictures based mainly on French impressionism. To Nemerov's astonishment, 31 pictures were sold in the first four days at prices...
...point to 138% of the 1947-49 average, 9% above the recession low. With unemployment still dropping between September and October, consumers stepped up their buying in the nation's department stores by 2% over a year ago. And steel production, reported the American Iron and Steel Institute, rose to the highest level in a year, with production of about 8,816,000 tons in October v. 7,610,372 in September...
...Chicago last week, the value of the farms they own has soared; in some places it has doubled in value over ten years ago. Not only that, but many farmers are buying more and more land on which to farm. One result: average farm real estate value per acre rose from $100.39 m March to $104.80 on Nov. 1, reflecting the drive by farmers to expand their acreage base in order to take advantage of present prices and farm price supports...
...time in its history. Last week issues selling for less than $25 a share numbered nine of the week's 15 most active stocks. Rumors of stock splits, and resulting lower prices per share, also sent higher-priced stocks spiraling; last week Pfizer drug rose from 93¾ to a high of 102½, and Lockheed Aircraft from 56⅜ to a high of 62 on reports from the companies that they were considering splits. The low price of the mutual funds (about 90% are selling under $25) is a big reason for their appeal, although the funds...