Word: boom
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Dates: during 1950-1959
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...BUILDING BOOM of "dazzling" proportions will push construction expenditures up 50% in next decade, says ARCHITECTURAL FORUM after survey of future plans. Predictions are for outlay of $600 billion by 1967, more than value of all existing private structures...
...present price headaches are caused mainly by a hangover from a four-year spree. As demand began to soar in 1954 in the worldwide boom, Chilean, African and U.S. producers boosted production and opened new mines. Copper supplies were still so short in 1956 (after a 43-day U.S. strike in 1955) that free market prices in London were bid up to 54.6?. "Now," says Kennecott's Cox, "automotive production is down and so are housing starts. Utilities have slowed their expansion programs. Those are our three biggest customers. And there was that price; when it climbed past...
Snake Specialty. With the boom in vet medicine has come a tendency to specialization. In metropolitan centers where the trade is concentrated, some vets practice exclusively on dogs or cats or birds. Los Angeles' Dr. Norman Gale has made a name as a specialist in the complaints of snakes, turtles, tortoises, lizards and frogs. (Gale has performed Caesareans on two snakes; he could not save the mothers, but did not lose a single wriggling baby.) Burbank's Dr. J. Bradley Crundwell gets the feathered trade, mostly parrots, parakeets and canaries...
Down & Up. On a nationwide basis, there is no doubt that demand for credit has fallen off considerably from the boom-time peaks, as industry has cut expansion and merchandisers have reduced inventories. Business loans at leading New York banks fell by $235 million last week; Chicago dipped $38 million, though both areas are still ahead of 1957. In Detroit, where layoffs have pushed unemployment to 12.4% of the labor force, bankers report that they have more money than business. Boston bankers say the same...
...measure of total economic activity. Actually it measures current activity only in mining and manufacturing, which have been declining and ignores both construction and public-utilities output, which have been rising steadily, as well as the service industries, which employ the majority of workers and change very little during boom or recession. Thus the production index has dropped 7-4% in the past year, even though there has been nothing like a 7% drop in all economic activity. Says a Government economist, "People take a 1point drop in the industrial index as being more serious than...