Word: second-best
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Production of Detroit's 1962 models came to an end last week. The total-6,685,000 cars turned out, a rise of 23.6% from last year-was the second-best in history. But memories of the record 1955 model year (7,136,000 cars) raised a troubling question: Would too big a year be followed by a weak sales year? Detroit doesn't think so. Unlike 1955, there has been little overselling or price slashing this year, and inventories are lean...
...have been gambling that the U.S. Government was on the verge of devaluing the dollar by raising its official $35-an-ounce price for gold. Unconvinced by Administration statements that devaluation was out of the question, the speculators have been busily exchanging dollars for gold bullion or, as a second-best hedge, buying gold mine stocks. Then, last week, President Kennedy took advantage of the Telstar communications satellite to deliver a stern-faced warning, witnessed by millions of Europeans, that "those who speculate against the dollar are going to lose." Next day, gold shares on the London Stock Exchange nosedived...
...fellow countryman, Outfielder Felipe Alou, is hitting .343-second-best in the league-has batted in 42 runs. On the bench, ready for duty, are Alou's younger brother Matty (hitting .262) and another Dominican, Manny Mota...
Rosalind is of course of heroine of the play. Yet in this production she comes off second-best to her companion Celia. Ideally, the Misses Hunter and Nye ought to exchange parts; and this would put the play into better balance...
...economy got its biggest lift in May from the auto industry, where production was up 9%. Not since 1929, the maiden year of the model A. had Ford sold so many Fords in May. Over at General Motors, Chevrolet enjoyed its best month this year and the second-best May in history. Sales rose...