Word: rosing
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Dates: during 1950-1959
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...Steel's profits reached record levels of $2.64 per share in the second quarter v. $1.25 in the same quarter last year, raising half-year earnings 96% to yet another record: $4.50 per share for the half-year v. $2.29 last year. Steel sales for the quarter rose to a record $1.4 billion, hiking first-half sales $1.1 billion above last year to a record $2.5 billion...
...that new construction in July reached $5.2 billion, up 3% from June and 14% from July a year ago. Total work put in place in the first seven months of 1959 was $30.1 billion, 15% ahead of the same period last year. Outlays for new private building in July rose to $3.6 billion to push the seven-month total 16% ahead of a year ago. Biggest gains were in home building, which leveled in July at a seven-month rate 32% above last year. So great is the demand for funds to finance home mortgages that Federal Reserve Board Chairman...
Machine-tool orders, prime indicator of industrial activity, rose 38% above May to hit a new two-year high in June, one of the most significant gains since the orders started to turn up last fall. The June total of $67.3 million was more than double last June's, pushed six-month orders to $307.2 million v. last year's $179.8 million...
...guessing games in recent weeks: "When will oils begin to catch up with the rest of the market?" The answer came last week, as surging oil-company earnings reports gave oil shares their sharpest rise since the easing of the Suez crisis in December 1956. Standard Oil Co. (NJ.) rose 3$ 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, v. $3.57 last year...
...Full. Even more impressive for the balance sheet is TWA's jet load factor of 92%, which helped hike the line's domestic-revenue passenger miles 5.7% over July 1958. While total revenues rose from $280 million to $307 million for the year ended June 30, operating expenses have stayed level because of the reorganization of the line and staff cuts started by Thomas' predecessor, Carter Burgess, and continued by Thomas...