Word: six
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Dates: during 1950-1959
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When the Treasury auctioned off its latest weekly offering of 91-day bills, the interest rate averaged 4.166%. On six-month bills, the rate hit a record high of 4.796%. Meanwhile, the yields on already issued Government bonds soared to new highs. Their prices had dropped so much that nine issues were yielding 5% or better, the fattest yields on Governments since...
Even more of an upsurge was shown by the birth rate of all new business, both incorporated and unincorporated. In the first six months of the year, the Commerce Department estimated that the nation gained 55,800 businesses, more than in all of last year. The increase brought the total of all U.S. firms to a record...
General Motors last week announced that it is holding the line on prices, showed no increases for the first time in eight years. Chevrolet has held the line on all six-cylinder models and reduced V85 by $10. Chevy's Turboglide automatic-transmission price was cut $30 and its radio $13.50. Buick, Oldsmobile and Pontiac also made cuts in optional equipment...
...models to come out in October. Biggest share of the spending is for Chrysler's new economy car, the Valiant, heaviest (about 2,700 lbs.) and most powerful (100 h.p.) of the Big Three's compact cars. Styled with a sports-car slope, the Valiant seats six, gets 30 miles per gallon, has a top speed of 100 m.p.h. Among its features: a new six-cylinder engine mounted at a 30° angle, instead of straight, to give the car a lower center of gravity, and an alternator* instead of a direct-current generator. Chief advantages over...
...engines, Chrysler has developed a new ram induction system which provides enough extra boost for passing at speeds from 35 to 75 m.p.h. that the use of "kickdown," or passing gears, is unnecessary. For the new Dodge Dart and Plymouth, Chrysler has developed a new six-cylinder engine which, as in the Valiant, will be mounted at a 30° angle...