Word: droppings
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Dates: during 1950-1959
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...million Chicago commuter facilities only twice since 1947. The I.C. says it needs a 55% fare boost just to get a 2.1% return. Its estimated $955,000 loss on the service this year will still be the lowest of any Chicago commuter line; Rock Island alone will drop $1,500,000. In Philadelphia, the Pennsylvania rings up a yearly $4,000,000 commuter deficit, which a requested 15% fare boost would slash by only...
...your father owns the ladder," took over the presidency at 23, decided to withdraw after his self-made, hard-driving father began stepping back in to make more and more of the decisions; he will remain as a director and substantial stockholder. Now facing the elder Riss: a drop in Riss's business from $28 million in 1956 to an estimated $20 million this year, unfavorable publicity resulting largely from Interstate Commerce Commission charges that his company is accident-prone (TIME...
Home construction, which has been down all year, increased from a rate of 990,000 new homes annually to 1,000,000 annually last month. Builders expect easier credit to push the industry higher next year. Though plant expansion may drop as much as 7% in 1958, the new homes, coupled with big programs for new schools, highways, dams and bridges, are expected by F. W. Dodge Corp., the building industry's top experts, to nudge overall construction beyond $48 billion to another record next year. As for retail sales, store owners, who expected record Thanksgiving and Christmas business...
Despite the recent drops, the U.S. economy still has a long way to go before it approaches the slump of 1953-54-which economists now refer to as the "goldplated" recession. Steel must drop another 21% of rated capacity, retail sales 10%, carloadings another 6%, industrial production another 12 points, and unemployment would have to double to 5,000,000 (most economists foresee 4,000,000 by spring). The only part of the U.S. economy that has dropped far enough to be in a serious recession is the stock market. It plummeted...
...order, the domestic airlines last week pleaded with CAB for a fare boost. Since the airlines' request for a temporary 6% rise in fares was turned down earlier this year, several things have happened to help CAB see things more the airlines' way, including a further drop in carrier profits and the shock of Capital Airlines' recent request for a $20 million federal subsidy...