Word: record
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Dates: during 1960-1960
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...base for the healthy retail sales record was easy to see: the Commerce Department reported that personal income in November held steady at the annual rate of $409,500,000,000-a record high...
...ahead of last year's sales now," Bloomingdale Board Chairman J. Edward Davidson summed it up last week. "But with two extra shopping days this Christmas, we still have a chance to top 1959." For the year so far, store sales are barely even with 1959's record totals. The big test is in the sales that are made in the gift-buying stretch between Thanksgiving and Christmas-usually 16% of the year's total. For most retailers, Christmas sales make the difference between a record year and an also...
...BILLION EXPANSION program was announced by American Telephone & Telegraph Co. for 1961, second largest outlay in company's history, only $100 million below 1960 record. Chief new projects: launching an experimental communications satellite in a north-south orbit over the Atlantic to transmit telephone calls and TV between North America and Europe, and expanding the Data-Phone facilities, by which computers can communicate with one another over regular telephone lines...
EUROPEAN STOCK MARKETS are losing their bullishness. Value of stock on the Milan Exchange has declined 40% in past four months. Paris Exchange has slipped 10% since its 1960 high last August; London has retreated 12% from record peak. Only West German market is still strong, is expected to finish the year with stocks 29% above 1959. One result of the decline: less U.S. money and gold will go abroad...
...bright spot this year in a generally tarnished-profit industry. Aluminum's Big Three (Alcoa, Kaiser and Reynolds) are operating at an average of 83% capacity, and profits are down in the cost-price squeeze. Harvey has been operating at 100% capacity all year, this week reported record profits of $5,000,000 for the fiscal year ending Sept. 30, despite the fact that sales slipped 1.1% to $59.7 million...