Word: year-ago
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...Rail carloadings, while still 13% off the year-ago pace, rose to the year's high in August's last week, showed every sign of continuing up in weeks ahead...
Even the appliance industry, which has been lagging for more than a year and a half, showed new life. Factory sales of new TV sets during August topped the year-ago pace for the first time during 1958. Borg-Warner's Norge division hired 600 workers and put on second shifts "to meet unfilled orders and refill depleted inventories...
...basic industry but also the most efficient one among the majors. Though it operated at only 53% of capacity in the second quarter, Big Steel announced that it earned $73.2 million or $1.25 a share, amply covered its regular quarterly dividend of 75?. Earnings declined far less from the year-ago level ($115,943,000 while at 89.5% capacity) than most Wall Streeters had expected. The report at long last destroyed Wall Street's old assumption that Big Steel needed to pour at 65% capacity just to break even. Furthermore, it showed that U.S. Steel's second-quarter...
...TRAFFIC is showing first decline since 1949. Recession and recent air collisions cut revenue passenger miles in May by 2.6% below year-ago level...
THRIFTY AMERICANS put record $1.7 billion into savings at savings and loan associations in first four months of 1958, up 27% from year-ago period. Nation's 520 mutual savings banks report that their deposits in April jumped by $92 million v. $7,000,000 in April...