Word: auto
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Dates: during 1950-1959
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...nonetheless showed concern about inflation by pointing a finger at credit as the great danger. "Selective"' consumer credit curbs might have to be imposed, warned Fed Vice Chairman C. Canby Balderston in Manhattan, if auto and mortgage credit are "radically" loosened. Balderston placed part of the blame for the recession on the $5.5 billion credit expansion in 1955, which, he said, caused companies to overexpand. He said that the danger of another credit burst "might create a widespread public demand for consumer credit controls as an alternative to enhanced cyclical fluctuations or to an increased degree of general credit...
...Bomb Plan. During the war Behlen noticed that rubber conveyor rollers for mechanical corn huskers were unavailable. He devised a substitute from old auto tires-and in 1944 netted $40,000. The next year Nebraska was soaked by rain, and farmers needed dryers for their piled corn. Behlen designed long pipes that could be thrust into the corn, hooked up hot-air fans to blow through them. Farmers snapped up the simple dryer,* and such other Behlen inventions as auxiliary gears to make old tractors go faster...
...congressional campaign, Chamberlain thinks, begins the day an old one ends. "You can't campaign openly that early," Chamberlain says. "It would be like saying 'Merry Christmas' on the Fourth of July. But you think hard about it. You look at an auto plant and tell yourself: 'Next campaign I will be at the gates to meet the workers as they arrive at 7 a.m.' And they will think: 'This guy had to get up as early as I did-he must really mean business...
Durables Down. The consumer durables industry still lagged. Largely because of a 40% drop between August and September in auto assemblies, total September industrial output rose only to 137% of the 1947-49 average, a one-point increase over the 136% recalculated for August, which was the smallest monthly rise since the recession turned around last spring...
...wildcat strikes that cut auto output were being gradually settled, auto production was starting up. Last week Ward's reported weekly car output at 45,003 units, v. 34,834 the week before. Chrysler production was rescheduled at 60% and Ford 25% ahead of the previous week. General Motors had not produced a car since Oct. 2, but this week at least two G.M. plants, the main Olds plant at Lansing, Mich, and the Buick-Olds-Pontiac plant at Wilmington, Del., are scheduled to get back into production...