Word: welled
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Dates: during 1950-1959
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Last week the Federal Reserve Board announced that in September outstanding consumer credit rose to a record high of $48.4 billion. New loans are well ahead of repayments, but this is usual during a period of credit expansion, just as repayments outran new loans during the recession. Of the loan total, $37.5 billion was installment credit, an increase of $485 million over August. While this was the smallest monthly increase since last March, installment credit this year is expected to rise about $6 billion v. a $5.4 billion increase...
...head of Filer, Schmidt & Co., the nation's largest stock option dealer. This week, in Understanding Put and Call Options (Crown; $3), the first book on the business to be published in the U.S., Filer presents a case for using options to reduce stock market risks as well as for speculating...
...post put Greenough in line as heir to James M. Symes, who moved up from president to chairman and remained chief executive officer. Symes, 62, plans to retire in 2½ years, in Pennsy fashion wanted to pick his successor well ahead of time...
...York's Idlewild international airport, once a shantytown of jumbled wooden buildings, is rapidly taking shape as the world's best-as well as biggest-air terminal. Last week Eastern Air Lines opened a $20 million, four-acre terminal, the largest ever built for use of a single airline. Last month United Airlines opened its $14.5 million terminal. By 1963 U.S. lines will build five more of their own terminals, completing Idlewild's $150 million decentralized Terminal City passenger complex...
What did not happen on Thursday? Well, LeRoy Goss missed the 8:09 New York local from Bronxville. Any doubt that the train may have left is banished by a well-preserved photo of the empty tracks of the New York Central (looking south). Later that day the hapless Goss would fail to heed his wife's injunction to buy parakeet food. And so it goes. All in all, as Poe would say, a most immemorial day-and a satire to remember, at least for a few days...