Word: boomingly
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Dates: during 1950-1959
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...there also came advice to the fast running economy to watch its step. Speaking to the Executives' Club of Chicago, Henry C. Alexander, chairman of J. P. Morgan & Co., warned: "Historically, a capital-investment boom such as we are having now has been the culminating phase of the economic cycle. If we keep on accelerating present pressures and loosen our restraints, we will get into maladjustments of production and consumption and excesses of debt-into a spiraling orgy-with the inevitable aftermath of collapse. Yes, the time is here to spend less and save more...
REFUGEE AIRLIFT is giving nonscheduled airlines biggest boom since Korean war. CAB has issued nonskeds 29 permits for refugee flights, will soon approve 24 more. Every usable overwater craft will be pressed into service. So great is need that asking price for used DC-4s has jumped from $550,000 apiece...
...PIGGYBACK BOOM...
High labor and construction costs, which in the past have taken business away from U.S. yards in favor of low-cost foreign builders, have kept the worldwide boom from reaching the U.S. sooner. But now that foreign shipyards have reached their capacity, the shippers have nowhere else to go. Two years ago, not a single U.S. shipyard had a new ship-construction contract; today 58 tankers and cargo ships are being built and 23 more are on order. The New York Shipbuilding Corp. has $70 million worth of 1956 orders for tankers. Newport News has a quarter-billion-dollar backlog...
...says Ingalls' President Monro Lanier. "But the demand for ships of that size is a stimulus that takes up market space in larger yards, leaving smaller ships for yards of less capacity." Although many U.S. yards, especially in the West, have not yet felt the initial boom, shipyards such as Kaiser's Vancouver, Wash, yard are being put into shape in anticipation of just such an overflow of orders-provided that the shortage in steel plate can be licked. "The shipbuilding industry will have to operate at 30% to 40% of its potential," says Leigh Sanford, president...