Word: downtrends
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...Coal, production was up from December, mainly because of colder weather, but under inventory pressure prices begin to follow the general downtrend. Evidence of increasing coal inventories in mining centres: freight loadings of coal fell, in spite of increased production, in spite of the freezing of the Ohio around Pittsburgh which prevents shipment by river. Further declines in steel & other production will curtail coal demand...
TIME'S Index of Business Conditions, reversing the temporary downtrend shown throughout January, rose 1.6 points last week-from 97.6 to 99.2. Chief cause of the rise was an increase in public spending everywhere except in the ten biggest cities. Business loans continued to decline, reflecting industry's indisposition to go in debt for inventories...
...businessmen-whose rising sales that year were more than offset by aggregate weakening of working capital-the steady downtrend in TIME'S Index from February to September 1929 gave ample warning that houses should be put in order, inventories cut and debts reduced. (And if enough businessmen had taken those steps, TIME'S Index-and all other indexes-would doubtless have showed a far less depressing downtrend in the sorry years from...
...Federal Reserve Board reported that industrial production was about at December's level, although a rise in January would be normal. The fact that public spending as indicated by bank debits showed a marked downtrend, posed the possibility that consumption might not support even the present rate of production. Balance of expert opinion, however, continued last week to term this industrial hesitation a "pause that refreshes" rather than a "lull before the storm...
...lumber output, already off 15% from last year, sagged 9% more. Automobile production was down from the previous week to 89,770 units, compared with 84,780 for the same week last year. Makers were notably laggard about buying materials, and the New York Herald Tribune predicted a downtrend in the next few weeks. Electric power production fell but was still 4% above last year. Rug sales are a good prosperity gauge because rugs lie as close as any luxury product to the hard floor of necessities. Last week Alexander Smith & Sons Carpet Co. exemplified the general rug trend...