Word: sec
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Dates: during 1950-1959
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Overall, U.S. industry's expenditures for capital improvements in the third quarter are running at an annual clip of $36.26 billion v. $29.65 billion this time last year, the Securities and Exchange Commission estimated this week. Despite the high cost of hiring money. SEC figures the capital improvement rate will jump to $38 billion in the fourth quarter, more than $6.5 billion over last year's December quarter. New construction was at a record annual clip of $44.3 billion v. $43 billion spent on new construction...
...Orion version slated for 1959 production and an improved Olympus turbojet engine rated at a whopping 16,000 Ibs. of thrust. De Havilland uncorked a new gadget: a Supersprite rocket engine that weighs only 600 Ibs., yet can produce some 4,000 Ibs. of thrust for 40 sec. to lift heavily laden planes off short runways...
...made a tidy fortune (which is now invested in real estate and Series E Government bonds); he soon made a name for himself as a leading spokesman for the Young Turks who were urging sweeping reforms on the old, bold exchange in a last-ditch fight to stave off SEC regulation. The insurgents triumphed, transforming the exchange from a private club run for the benefit of its members into the public utility that serves as the major source of U.S. venture capital. After Old Guard President Richard Whitney was convicted of embezzling exchange members' and customers' funds...
HIGH PRESSURE DEALERS, who specialize in unlisted and speculative issues, will get full-scale investigation. SEC has received so many complaints of blitz telephone campaigns to sell often-worthless issues that it is already investigating at least six Manhattan firms...
...equaled Willie's performance. But Willie had already demonstrated that he is at least as good as the best. In the finals, he showed that he is probably better. Once more, the man who will not represent the U.S. in the Australian Olympics skimmed 100 meters in 10.1 sec. Pfc. Murchison was second...