Word: boost
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...completely separate company in Nashville named Space Enterprises, Inc. Heading this out-ht is another pair of publishing amateurs: President George J. Merrick, 24, a junior executive in an engineering company and Vice President Richard T. Heagy, 26, an English major at Vanderbilt. One quick reform: a boost in page-ad rates from $200 to $1,200. Now that the magazine is aloft and gathering speed, its young staffers are even talking of selling 1,000,000 copies an issue by the end of 1958 Says Space Salesman Heagy: "It doesn't hurt to aim high...
...that prime beef brought a year ago. Other beef prices climbed as much as 1½? per lb. last week, and the average-grade steer brought about 28? v. 21.7 the same week in 1957. This was good news for beef raisers, glum news for beefeaters. Each 1½ boost will bring almost a 2? rise in the price of dressed beef. Although packers, processors and retailers will absorb much of the increase, some of it will fall on the consumer. Rising beef prices are one of the reasons that the consumer price index, up .2% in February, will probably...
Ballots went out to the 1,346 members of the New York Stock Exchange last week to vote on whether the brokers should boost commissions an average 13%, the second hike in four years. The plan ran into immediate opposition from Merrill Lynch, Pierce, Fenner & Smith, biggest brokerage house. The proposed increase, said Merrill Lynch's Managing Partner Michael McCarthy, discriminates against the small investor, who will pay 30% more on a $500 transaction. He argued that most brokers are getting an adequate return despite higher operating costs, since commission earnings of Wall Street houses after partners' compensation...
ATOMIC POWER may be speeded soon by AEC after hot congressional pressure to build more plants (TIME, Feb. 10). AEC would boost spending on civilian program from $124.3 million annually to about $200 million in next five years. Items: better research to cut high cost of uranium fuel, more Government money to build three new advanced reactors, higher price paid by AEC for byproduced plutonium to give industry healthier profit...
SOIL-BANK HANDOUTS will be boosted from $500 million to $750 million this year because so many farmers rushed to cash in on acreage reserve program, scheduled to expire in 1959. Boost will cut market for farm labor and supplies, pinch many rural merchants. Example: in Georgia each dollar paid by soil bank will take an estimated $3 to $5 out of circulation in farm towns...