Word: boost
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...estimated 578,370 cars in February, 23,000 above last year's rate, and intend to continue high production into March. Though General Motors' sales are lagging and Chevrolet production is being cut this week, Ford and Chrysler are happily filling the gap, using heavy overtime to boost production. (Chrysler has already shipped 10,390 Imperials for 1957, more than all it sold of the 1956 model.) This year so far auto manufacturers are keeping inventories firmly under control so that even if a warm-weather upsurge fails to develop they will not be caught with last year...
...varsity hockey team's NCAA hopes received a boost yesterday when Coach Harry Cleverly of the B.U. sextet and alternate on the Eastern NCAA selection committee predicted that, "barring upsets," Clarkson and Harvard will go to Colorado. Tonight at 8 p.m. on Watson Rink, an underdog Dartmouth team will do its best to provide such an upset...
...Thompson's testimony was short and typically blunt. The oil crisis, said he, is a myth. Instead of sabotaging the oil lift by failing to boost production appreciably, Texas had done a "jam-up job," had helped make it "amazingly successful, all reports to the contrary notwithstanding." Texas was sorry that the world was angry at its actions. "We are accustomed to that," said Thompson. The facts were that the U.S. Government had not once officially demanded an increase in the allowable production set for the state's oilmen. The requests had come from Humble Refining...
...sales back ahead of cash-ins, the Treasury last week asked Congress to permit a boost in rates, retroactive to Feb. 1 on all new bonds. It wants to raise Series E and H interest rates to 3¼% as a start, boost rates as high as 4¼% if necessary...
...Congress approves, the boost will come through the same device used in 1952 to raise interest from 2.9% to 3%. The maturity period of bonds was then cut from ten years to nine years, eight months. The new plan would cut maturity to eight years, eleven months, and pay 3% interest after only three years. (The holder will not get the 3¼% unless he holds the bond till maturity.) A similar rate increase will be made on Series H bonds, which are sold in denominations of $500 and more, with semiannual interest payments. Series J and K bonds, sold...