Word: boom
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Dates: during 1940-1949
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...haven't seen "Boom Town" back home, it's worth a trip downtown to find out what MGM can do with a super-budget, four stars, and a plot about oil. The oil proves to be the most savory ingredient in the mixture. It leads Clark Gable and Spencer Tracy, two wildcatters, on an exciting chase from Oklahoma and the tropics, to California, from poverty to wealth, back to poverty more times than you can count. The details of a raw, booming oil town, Burkburnett, are interesting and well-handled: the oil fever, the gushers, the fires, and above...
...what could Claudette Colbert and Hedy Lamarr have to do with oil? In "Boom Town" the answer is, not much. Tracy loves Colbert, who loves Gable, who trifles with Lamarr. In the end Gable sticks with Colbert, Tracy strings along in his usual friendly manner, and Lamarr drops quietly out of the picture, which is a damn shame...
Construction. In 1937, again in 1939, consumer-goods booms collapsed before construction could get started. This time, defense is starting a construction boom before the consumer-goods industries reach their peak. Engineering construction contracts will probably total $3,500,000,000 in 1940, against $3,000,000,000 in 1939 and $4,000,000,000 in 1929. At a volume of around $80,000,000 a week they are already running slightly better than the 1929 rate. Items...
...Pittsburgh, U. S. consumer-server No. 1, Sears, Roebuck & Co., decided to build one of its largest stores. In spite of the heavy-industry boom, Pittsburgh builders gave Sears credit for the largest job undertaken there in a decade...
...under August 1929. Sears, Roebuck continued to lead the procession with a 22% gain over August 1939. Most bullish note: retail managements have been as gloomy as Wall Streeters about prospects, have kept inventories low. Since August buying by stores was 30% below July, continued retail sales gains should boom consumer-goods production...