Word: forecasted
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Dates: during 1950-1959
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...like to call the Eighth Sea, the Fourth Coast, the North American Mediterranean. The main payloads on the old 14-ft. canals - iron ore upstream from Labrador and wheat downstream to Montreal-will fill the holds of probably nine-tenths of the ships on the new canal. Seaway planners forecast a traffic load of 25 million tons on the new seaway next season-just double the old seaway's 13 million tons of 1957-and 50 million tons a year...
RUSSIA'S INDUSTRIAL OUTPUT and that of its satellites topped rates forecast earlier by U.N., but West Europe's production declined, says U.N. Economic Commission for Europe...
...Jones & Laughlin, which added that it would not raise prices until U.S. Steel took the lead. Said Big Steel's Chairman Roger M. Blough: "Our immediate conclusion is not to attempt to change our prices until the situation is clarified." When that might be, added Blough: "We cannot forecast." But for years, steel prices have climbed, along with boosts in minimum wages (see chart), cost-of-living allowances and other costs...
Alarms & Accuracy. First compiled by Burns, now head of the National Bureau of Economic Research, the indexes have been expanded and sharpened by Bureau Economist Geoffrey Moore. As with all indicators, the diffusion indexes have produced some false alarms. But the Leading Series has forecast all the postwar recessions. Last May 1957, two months before the economy reached the peak, the Leading group nosed down to signal trouble ahead. But the real warning came last August, when the composite index of all 21 areas started a fast slide...
Only five months ago President Eisenhower sent the 1959 budget to Congress, and it showed a slender surplus of $500 million. Last week Budget Director Maurice H. Stans guardedly forecast a 1959 deficit "in the general magnitude of $8 billion-$10 billion, according to present tentative estimates." But Washington skeptics see more realism in the red-ink estimate issued by the staff of the Congressional Joint Committee on Internal Revenue Taxation: a dizzying $11.1 billion. And even the Joint Committee's forecast may err on the cheerful side. It assumes...