Word: spurts
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...production is already starting down after hitting 64.9% of capacity and the highest level (1,751,000 tons) of the year. Part of the decline could be attributed to vacation shutdowns, but much of it was due to a general fall-off in orders as companies finished the buying spurt they put on in anticipation of a price rise this month. One small specialty producer, Pennsylvania's Alan Wood Steel Co., whose 800,000-ton annual production ranks it 23rd in the U.S., said it would boost prices an average $6 a ton, arguing that it could not absorb...
Auto sales, which had poked along in May, showed a sudden 13% spurt in the last ten days and pushed the month's totals to 394,000 units, the best level of the year. With good weather helping sales, dealers managed to pare their inventories to 755,000 cars...
Wall Street, which has long since discounted much of the bad news, put on a buying spurt. Led by steels, rails, oils and aircraft, stocks on the Dow-Jones industrial average climbed two points higher during the week to hit a new high for the year at 462.56, nearly 43 points better than the recession low of last October. Poor earnings were easily shrugged off. At the annual meeting of Radio Corp. of America, President John L. Burns gave 1,275 stockholders of the world's biggest electronics company the bad news about a 29.7% first-quarter decline...
...with five stages of solid-fuel rockets, starting with a cluster of four Aerojet Seniors, which were developed for the Navy's Polaris missile. The initial guidance problem is not solved at all. Instead of attempting the extremely difficult feat of steering the vehicle accurately during its quick spurt through the earth's atmosphere, Aerojet proposes to fire it from a launcher pointed in the general direction of the spot in space where it is expected to meet the moon...
DEFENSE CONTRACTS written during calendar 1958 will spurt to $23.2 billion v. estimated $17.5 billion worth in 1957, says Defense Department...