Word: droppings
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Dates: during 1950-1959
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Industrial production is still dropping. Last week's Federal Reserve Board index showed April production down two points to 126, the lowest in 3½ years and twice the drop that Administration economists expected...
...change -and consider it a challenge. With the need for adequate housing already essentially filled, the housing industry is making a fundamental shift. Builders are now concentrating on improving their houses and giving the customer more for his money. The median sale price of a house, for example, has dropped from $14,950 to $14,350, the first drop in four years -and the builders are supplying a larger house for the price despite the increase in costs...
Pakistan has lost considerable ground because of a sharp fall in cotton (23% of its exports) prices and drop in the volume of its jute (44% of exports) trade. Indonesia is sorely pressed by a 20% drop in crude rubber prices since 1956; so is Thailand. Malayan tin exports are off 50% this year, and 25% of the tin mines are shut down. From a healthy budget surplus in 1956, Malaya has gradually slipped into a $39 million deficit this year...
...worldwide fall in commodity prices has presented the U.S. and the West with a problem of alarming proportions. What should, or must, be done for those underdeveloped nations whose economies depend largely on sales of raw materials? The U.S. commodity index shows a 10% drop in prices in the last year alone. This squeeze has aroused anti-Americanism round the world and handed the Communists a golden opportunity for trade deals and political demonstrations such as those against Vice President Nixon. The price drop has also partially nullified Western aid programs; the United Nations estimates that a 4% drop...
...straight, Matthew V. Carson, administrator of the quota plan, told an audience of independent oilmen last week that the program is working just about as well as hoped and "striking a reasonable balance between imports and domestic production." Imports have been cut by 168,900 bbl. per day, a drop of 17.4% from original schedules, are running at 12.5% of domestic production v. an anticipated 16% before the cuts began...