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GOLD BAR TRADING is starting on the Toronto Stock Exchange, will plug Canadian gold, meet investors' growing demands for a hedge against possible U.S. dollar devaluation, i.e., by revaluing gold upward. Bars, weighing about 2.2 Ibs., cost around $1,100, but margin buyers need put up only...
This, along with the fact that board rates have gone up each year for the last three years, would seem to indicate that the University's "onward and upward" campaign is in full swing. What this means, of course, is that increases of one kind or another will continue each year, until Harvard's "expansion phase" begins to level off. In addition, since it appears that the Program will not achieve its goal of $82.5 million by June, 1959, its failure is only one more reason to expect continued increases in student costs. In the words of one Administration official...
Some retail prices edged upward in December, among them used cars, fuel oil, fresh vegetables and beef, but the ups were more than balanced by the downs-new cars, gasoline, fresh fruits, pork, eggs, movie admissions, women's clothing. Net result, as reported last week by the Federal Bureau of Labor Statistics: after creeping up to the alltime peak last November, consumer prices slipped downward a little in December to pare the BLS consumer price index two-tenths of a point, to 123.7 (the 1947-49 average: 100). Price forecast for 1959, as most economists see it: renewed upcreep...
...lifts the rocket off its launching pad. As long as the engine fires, the rocket climbs faster and faster, obeying Newton's second law: An unbalanced force acting on a body makes it accelerate in the direction of the force . . . When the engine burns out, the rocket continues upward under the control of Newton's first law: . . . A body in motion continues to move at constant speed in a straight line unless acted upon by an unbalanced force. As it rises, it slows and curves because an unbalanced force, the earth's gravitation, keeps pulling...
...truck deliveries. Chevy said truck sales in the first 20 days of December were up 38.5% from last year, and Ford expects December to be the best month for truck sales since 1955. Many in the industry, like scrappy, optimistic American Motors President George Romney, were revising industry predictions upward from a 5,500,000-car year. Said...