Word: soaring
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...they did not know who had bought the bank. Broker Johnston, who was elected a director, knew but was telling no one. However, the United Mine Workers had been talking for some time about buying a bank-and it made good financial sense. The welfare fund was likely to soar to $100 million and the union could make more money by putting it out in bank loans than by drawing interest on it as a deposit. But when newsmen asked Lewis if he was now a banker, all they got was a faraway look and a curt: "No comment...
...general, was in a slump until the war years, and American paid no dividends on common stock. Then, as 10,000,000 ex-servicemen rushed to buy their first civvies, American Woolen found itself so prosperous that in 1946 it declared a $12 common dividend, saw its stock soar from 29½ to 70¾. In 1948, it rang up the biggest sales ($197 million) in its history and earned $15.88 per share. But now, said Pendleton, American Woolen, like other weavers, was in a double squeeze that was choking off sales...
Union members who had tied their wage increases to the cost of living, had seen their wages soar up-and would now see them dip a bit. In St. Louis, 25,000 employees of the International Shoe Co. faced such a wage cut. So did 380,000 at General Motors. Old A.F.L. Chieftain William Green hinted, in as unincriminating a way as he could, that maybe there wouldn't be so many workers asking for fourth-round increases...
After that, the conference got down to business. "Let the mind of man be free," cried U.S. Delegation Chairman George V. Allen, "and it will soar to undreamed of heights of majesty. Let people understand each other, and they will create a world order of peace and human betterment...
...PRICES SOAR, BUYERS SORE...