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...weeks the Wall Street bullshave been impatiently waiting for the market's traditional "summer rise." Last week, after two listless, post-holiday trading sessions the market bounced upward 4.52 points on the Dow-Jones industrial average for the biggest gain in a month, closed out the week up another 2.02, at 646.91. Whether or not this little bounce would prove the beginning of the summer rise, the surprising and heartening factor in the market's advance was that steels led the way. For the week, U.S. Steel rose 3¼, and Jones & Laughlin, Lukens and Youngstown Sheet & Tube...

Author: /time Magazine | Title: STATE OF BUSINESS: A Little Bounce | 7/18/1960 | See Source »

...with the world market price, and to eliminate both the very high prices that hurt the consumer and the very low prices that are disastrous to producers. The Secretary of Agriculture does not set an exact price, but controls it by increasing sugar quota allotments when prices are headed upward, decreasing them when prices are headed downward...

Author: /time Magazine | Title: COMMODITIES: Plenty of Sugar | 7/18/1960 | See Source »

Despite some soft spots in consumer buying of heavy appliances, sales of leisure-time items such as TV sets, boats and swimming pools are strong. Food sales continue to move upward with the increase in consumer income. Even the lagging oil industry will get a boost in the second half, says George F. Getty II, Tidewater Oil Co. president. He expects industry earnings to be 10% to 15% over...

Author: /time Magazine | Title: STATE OF BUSINESS: The Next Six Months | 7/11/1960 | See Source »

...land of his birth. His words, seeking "to find language again in its primitive sinews," rioted onto paper in millions, growing out of him, over him, and sometimes beyond him. In the West a few years before he died, he saw a sequoia for the first time. He stared upward for a moment in unbelieving silence, then ran to the big tree, his long arms stretched wide. It was a boyish gesture, but this man of 35 still believed that he might draw into his embrace the biggest thing that lived...

Author: /time Magazine | Title: Books: Legend of a Giant | 7/11/1960 | See Source »

...satellites went aloft attached firmly together. The first-stage Thor fired for about 160 seconds, then fell away while the Able-Star took over, firing for five minutes. Then it shut off its engine and coasted upward and around the earth for 18 more minutes. Over South America the engine blasted again for a few seconds, giving the final push needed to attain an orbit with an apogee of 570 miles and a perigee of 341 miles...

Author: /time Magazine | Title: Science: Two-in-One Shot | 7/4/1960 | See Source »

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