Word: bearishness
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...Bearish in the situation is unemployment in the building trades, now estimated at 37% against 16% last year. But a bullish sign is that while most building material is moving slowly, shipments of cement and fabricated steel have been nearly equal to last year...
...Bearish corporate developments last week included B. F. Goodrich's poor statement and dividend omission, and a dividend omission by Warner Bros., followed by no official explanation. Earnings reports that interested many a shareholder were...
...enaction of a quota system did not seem immediately probable last week, U. S. motormakers, anxious to offset declining sales at home by expanding sales abroad, were worried by possible spreading of the tariff wall against cars and parts. And business conditions in Europe were another source of anxiety. Bearish items of the week included the dismissal of the entire production staff (600 men) from the Ford plant in Spain...
Widely quoted as a bearish argument have been recent wagecuts by such large companies as Chrysler Corp. and National Cash Register Co. (10% each last month). Last week Roy Dickinson, alert associate editor of Printers' Ink (22,645 circulation, advertising trade weekly) telegraphed a list of tycoons to learn what future wage reductions may be in store. Some of the replies which he received...
...have been 80%. On the other hand, the news that the telegraph and cable business showed upturns in April, the former now running better than a year ago, was just as decidedly bullish as the report that hardware payrolls in March were off 20% from a year ago was bearish...