Word: offing
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Dates: during 1960-1960
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Exports are being helped by the elimination of barriers abroad against dollar imports. Equally important, businessmen can now expect long-term markets not tied to boom-or-bust fluctuations. In 1960 a large part of U.S. sales to Europe were in finished consumer goods-bought to satisfy the European'...
The auto industry continues to ride a crest of new-car sales. November figures set an alltime high for the month, to reach 530,393 U.S.-built cars, breaking the 1955 record by 1,214 units. Though about one in four of the sales is in the heavily discounted, strongly...
From the Commerce Department and the Securities and Exchange Commission last week came encouraging-though hardly bullish-news about business spending on new plant and equipment. In 1960, said the agencies, this spending was cut back only 4%, will run about 10% ahead of 1959. It was the Government'...
With this news, even steelmen, who have been wrong about their 1960 prospects so often that they have lately maintained a discreet silence, felt more optimistic. U.S. Steel Chairman Roger M. Blough, who last October said that inventories would drop to the 11-12 million-ton level by November, reported...
2,000-M.P.H. AIRLINER may be on the way. President Eisenhower will ask Congress for $75 million to start development of a Mach 3 supersonic transport, which would cruise at altitudes of 55,000-75,000 ft., carry as many as 150 passengers. Government would have to contribute about $500...