Word: boost
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...another alltime high of 394.94, a solid 4.86 points above the week before. Among the leaders were Douglas Aircraft, up 5⅛ one day, and 9 the next, to 113; Houston Oil and Mid-Continent Petroleum each rose more than 7 points. The market was also given a big boost as steel production climbed to 82.1% of capacity, a 1954 peak. Bethlehem went up 9⅜ points for the week, to 104⅛; U.S. Steel rose...
...reason for the boost in steelmaking was heavy orders from the automakers. The nationwide rush to buy new cars was the biggest in years. General Motors' sales for the first ten days of December were higher than any other ten-day sales in the company's history. To keep up with its customers' demands, Ford set a new production record of 6,058 cars a day, and Chrysler Corp. has already received some 450,000 orders. For all automakers the week's production hit 172,249, highest figure in 19 months...
...Journal's screaming red headlines and crusading zeal once appealed to New York's immigrant population, but this formula no longer works so well. Though it has cut its staff to trim expenses and runs giveaway contests (Cashword Puzzles, Daily Double Racing Game, Lucky Safety Cards) to boost circulation, the Journal contributed to the Hearst chain's loss of $1,266,500 in the first nine months of 1954, the biggest deficit in the chain's history...
Although efforts to boost Dudley are continually hampered by the loss of men, the leaders who have chosen to remain are not relaxing campaigns to improve the Center's stature. A student who moved out this year, in fact, has suggested that "without the twenty top men over there the place would fall apart." Undoubtedly, the task of improvement within Dudley is not an easy one. Much of the difficulty is coordinating the activities of almost 300 men who must divide their time among home, classes, and the Center...
OVERSEAS OIL investment will soon get a big boost from Shell Oil Co. and Standard Oil of California. Shell, in association with Anglo-Iranian Oil Co., Ltd., will spend $40 million to build Ceylon's first oil refinery, turn out 1,200,000 tons of gasoline and other products annually. Standard will do the same for Hawaii by building the islands' first major refinery at a cost of $30 million, including facilities to refine 30,000 bbls. of oil daily, enough to take care of most of Hawaii's retail needs...