Word: boosted
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...Shakeup. Ford also denied the possibility of a slump: "How can you be pricing yourself out of the market when your car is selling in used-car lots at a premium of from $500 to $1,000?" But Ford's own figures showed that each new price boost caused a significant shakeup in orders-with prospective Lincoln buyers shifting to Mercurys, Mercury prospects to Fords, Ford customers to used cars...
...Boost into Black. U.S. railroads, which had received a 21.4% temporary freight-rate increase since last October, got the increase made permanent by the Interstate Commerce Commission. ICC also added a new 1.2% boost (about $67.4 million a year), much less than the additional 5.6% the railroads had asked. Nevertheless, the roads were feeling a lot better. Example: in June, the Pennsylvania netted some $8,000,000, almost triple the May profit. It was enough to wipe out four previous months of red ink and put the road in the black for the half year...
...expected the steel industry raised prices on its major products last week. U.S. Steel Corp. set the pace with an average boost of $9.34 a ton, and most other steelmakers followed with about the same amount. The increases will add an estimated $575 million a year to the U.S. steel bill, and send up the prices of durable goods all along the line. First to speak up were appliance makers, who predicted substantial price hikes for ranges, refrigerators, washing machines, etc., within four weeks. Yet many an industry, notably the automakers, had hardly finished raising prices to meet the third...
...Stylemaster Chevrolet business coupé; up $119 to $1,685 on a Buick Special 4-door sedan). And Chrysler Corp.'s K. T. Keller said that other carmakers would have to start figuring new retail price increases as a result of the steel boost. Said Keller: "When our costs go up, prices have to follow." Automobile men guessed that the price rises would average over...
...enameled steel, Lustron Corp.'s Carl Strandlund has found a willing helper in the Government. The Reconstruction Finance Corp. lent him $15.5 million, got him a Columbus (Ohio) surplus plant (TIME, Feb. 10, 1947), pushed his priority claims to steel. Last week RFC again gave Lustron another big boost. Although Lustron has turned out only seven model houses in a year, RFC lent it another $10 million...