Word: spurted
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...shrugs off such criticism with the impassivity of a baseball umpire. Fortnight ago, when he assigned 136 lbs.-heaviest handicap of his career-to the speedy, four-year-old gelding, Kelso, in the $112,800 Brooklyn Handicap, Trotter said calmly: "I expect complaints." None came-although Kelso had to spurt from behind to eke out a narrow, 1¼-length victory. "He's one of the great ones," said Handicapper Trotter after the race. "No question about it." Then Trotter added: "Of course, if I have to weight him again, he'll have to pick...
...within a fraction of its prerecession peak, the average factory work week jumped to 40.1 hours, its prerecession level. To judge by past recessions, employers put their workers on longer weeks just before they hire new hands, and a marked rise in hours worked is followed by a spurt in employment an average of four months later...
Cities that set modestly realistic goals are better off. Milwaukee projected 500,000 Seaway tons a year by 1965, may well hit that total this year, helped by a surprising spurt in scrap-metal exports. Ports in Canada are also doing handsomely, partly because railways there are not slashing rates selectively to buck the Seaway as U.S. railroads are doing. Hamilton, Ont., now the busiest port on the lakes, increased its traffic by 600,000 tons last year. Montreal went up 300,000 tons, Toronto...
Profound Changes. The dip is due to some profound changes in the U.S. housing market. Conventional mortgage credit rates recently dropped from an average 6.3% to 6%, but for the first time since World War II, a credit loosening has not triggered a new building-buying spurt. Most economists take this as a sign that the nation has pretty well built itself out of the long postwar shortage of homes. In the 1950s, family formations averaged only 830,000 per year, but builders put up houses at an annual rate of 1,200,000 to 1,600,000. Now, because...
Under mutual aid agreements worked out three months ago, the central banks of Western Europe last week were supplying the Bank of England with gold and dollars with which to shore up the pound. But the only thing that could strengthen the pound permanently would be a spurt in Britain's industrial growth rate-currently among the lowest in Western Europe. Said Selwyn Lloyd: "For national economic survival, we must grow . . . We must see to it that wages, salaries and other incomes remain within the limits justified by increased productivity...