Word: dropping
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Dates: during 1940-1949
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...last week, some small mills reported that they had only two weeks' scrap supply on hand. Some of the bigger companies were only a little better off. Whether or not steelmen would eventually be forced to pay higher prices, the shortage of scrap was so acute that a drop in steel production seemed inevitable...
Certainly, there was no immediate prospect that the bottom would suddenly drop out of the economy. In September, the Bureau of Labor Statistics reported, new highs were reached both in industrial employment (43,000,000) and industrial wages (an average $50.42 a week). The Federal Reserve Board reported that industrial production also rose three points in September to 185% of the 1935-39 average, only five points below the postwar peak in March. And the Bureau of Agricultural Economics predicted that consumers were not likely to cut down their spending...
...were to decline to 80% of capacity," said National Steel's Chairman Ernest T. Weir, "there would be no profit under present costs." (Prewar break-even point of U.S. steel: 48%.) Though most businessmen keep their break-even points to themselves, they were plainly worried lest a small drop in volume lead to a big profit drop. Thus, even a "mild" recession might be something like a depression for many companies...
...service. When the United Electrical, Radio & Machine Workers, C.I.O. came in, its leaders won changes in the plan until nearly all the workers also shared benefits. The result, said President Charles E. Wilson, was that the plan was no longer an incentive. Last week, G.E. said it would drop the plan at year...
Replacing the Graduate School of Arts and Sciences as top dog, the Law School boasts a probable current attendance of 2,131 compared with 1,899 of six months ago. The estimated Arts and Sciences 1,900 enrollment is a distinct drop from the springtime peak...