Word: upwards
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...says he will not dictate editorial policy to the Kemsley chain's local editors. But on the business side, Thomson watches his papers with lynx-eyed attention ("I know every cent they spend"), pays salesmen considerably more than reporters, is a master at coaxing revenue and circulation figures upward. With Roy Thomson running the Kemsley chain, Fleet Street is in for some lively times...
Housing starts, which gave the recovery so much of its original momentum, rose from 515,000 in the first half of 1958 to 690,000 in the first six months of this year. With the rise came a sharp upward pressure on housing costs. ARCHITECTURAL FORUM reported that the index of building-materials prices jumped 2.7% between January and June, against a 2% gain for the whole of 1958. But other prices were holding steady. Sears. Roebuck, Montgomery Ward. Spiegel, and Aldens Inc. announced that their fall catalogues will show no overall price increase, and some prices are lower...
Despite the upward creep of prices, real incomes are climbing much faster. By 1950 the average city worker's purchasing power was 2¼ times greater, in constant dollars, than it was at the beginning of this century-not counting fringe gains...
...Where it makes the dive, it drags down a strip of the crust, forming a V-bottomed trench which after many millions of years fills with sediment. Eventually the downward current in the mantle stops flowing. Since the mantle rock at its sides is heavier, it moves in, forcing upward the dragged-down crust and the sediments in the trough. Final result is that the former trench pokes above the sea, appearing as an arc of islands set with volcanoes, like Japan, or a curving shore of young mountains, like California...
...Sotheby's Chairman Peter Wilson, forehead beaded from strain and the heat of his serge coat and striped pants, started the bidding by asking diffidently: "Shall I say ?20,000?" A voice promptly sang out "?100,000." Bidding with lips, eyebrows, fingers and catalogues, dealers whooped the price upward at the rate of ?5,000 every four seconds...