Word: thirdly
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Dates: during 1960-1960
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...next day another; one time a note, another a phrase, and little by little the opera." The subject was a natural for mid-igth century Italy: the captivity of the Jews under King Nebuchadnezzar of Babylon, reminiscent to Italian audiences of their own fate under Austrian rule. The third act chorus of chained prisoners, "Va', pensiero" ("Go, thought, on wings of gold"), became an immediate hit all across Italy...
This was FRB's third move to ease credit in a year, and many businessmen thought it was overdue. The critics think that FRB has moved too slowly to get business moving, and that its previous moves have not been particularly effective. While it has cut the discount rate from 4% to 3% in two installments this year, the prime rate for loans has only dropped from 5% to 41%. Since the prime rate is only for blue-chip customers, long-term rates for poorer risks are still 6% or higher, though short-term rates have dropped. Banks...
...From the beleaguered oil industry, long plagued by surpluses and price cutting, the news was good across the board. Jersey Standard had indicated third-quarter earnings of 86? per share, up from 75?, boosting its nine-month profits to $2.31 per share from $2.22. Gulf Oil third-quarter profits were 79? per share, up from 72?; Sun Oil, $1.20, up from 87?; Texaco, $1.68, up from $1.63; Tidewater, 85?, up from...
Despite all the grandstand opinion on how the economy is doing, the heart of the story is told in the box score: company earnings. Last week, as a flood of third-quarter earnings came out, there were some expected strikeouts. But there were also a surprising number of clean base hits where none were expected...
Steel. In the depressed steel industry, U.S. Steel Chairman Roger Blough came up with a hit. Even though its mills were operating at only 47.8% of capacity, the company earned 85? per share in the third quarter, more than enough to cover its 75? quarterly dividend. While the third quarter was down steeply from the $1.38 per share earned in the second Quarter, nine-month earnings of $4.20 per share this year were well ahead of the $3.80 in strike-harassed...