Word: dipped
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...said Price, Westinghouse sales of $1,213,000,000 broke alltime records, along with earnings which were up 17.7%, to $62,644,000 ($3.77 per common share). Moreover, President Price reported a general quickening of business, and the board of directors declared an extra 50? dividend. Despite a 7% dip in sales, General Electric rolled up a new nine-month earnings record of $140,691,000, about 20% above the figure for last year...
...lower automobile that looks wider." At the side of the car, Curtice stopped again. Why should the belt line (i.e., the line formed by the bottom of the windows) be straight and unbroken? When a designer explained that only the two-door models would have a racy dip in the belt line, Curtice suggested: "Don't you think we might try it on a four-door type, too?" As he left the room, molders set to work making the suggested changes. A few days later, Red Curtice was back to see the results. Said he: "That...
Despite a dip in auto production, U.S. industrial production is on the upgrade. Last week the Federal Reserve Board reported that September industrial production had climbed two points over August, v. a one-point decline for the comparable period of 1953. Other signs of upturn: ¶ Steel output at Pittsburgh rose to an estimated 74% of capacity last week, up from 70.6% the previous week, and the highest level since April. Chicago mills went to 73.8% from 70.3%, and Youngstown operations rose 12%, to 72%. ¶ Construction awards of all types rose to a record $1.8 billion in September...
Even the most ardent Republican readily admits that the U.S. has been through a recession. But despite the Democrats' gloomy cries about a "secondbest year," the most remarkable fact about the dip is that it was just about the mildest recession in U.S. history. While in some places, notably in Detroit and in New England's mill towns, unemployment has been acute, in terms of the total work force it has been small. The highest jobless total was 3,700,000 v. more than 4,000,000 in 1949. Last week the Government reported the figure...
...Southern "mood" plays (Coe was born in Alligator, Miss.). Complained an adman: "One week there'd be a story about a blind old lady in Texas, and the next week a story about a blind young lady in Texas." This summer the Playhouse audience rating took a serious dip (usually it has been in or close to the Top Ten), and that, apparently, gave the admen enough leverage to ease Coe's control of the show. Coe has been moved upstairs to the job of supervisor of production, Gordon Duff will replace him as producer...