Word: indexers
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Dates: during 1960-1969
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...drive to make a sale-the farther the worse. Reported Wheels: salesmen drove 10% farther for each sale in the first half of 1960. Los Angeles' Security First National Bank, which carefully tots the number of help-wanted ads in local newspapers as a telling business index, reported that July ads were down 26% from July 1959, indicating weakening business conditions...
...quickly. The Cubs' Ernie Banks uses a 31-oz. bat; the Giants' Willie Mays never goes heavier than 33 oz. The shape has changed too. Only White Sox Second Baseman Nellie Fox still uses a thickhandled bat; the rest prefer a slim handle. H. & B. keeps an index of the types of bat it has made for some 40,000 major league players (many of whom have Louisville Sluggers named after them), often gets wires from players in a slump asking the company to "ship me the bats I used when I was hitting...
...fifth month in a row, the consumer price index rose to a new high in June, the Labor Department announced last week. It was only a tiny rise (.02%), but what cost $1 back in 1947-49 now costs $1.26½. The department bases its index on about 300 items-food, clothing, durable goods, services-but it was primarily the higher cost of food that sent the index up. Prices have crept up 1.6% in the past year, while the gross national product has shot up much more. In the second quarter of 1960, according to new figures last week...
...reason why the price index has remained fairly stable in recent months is increasing competition in many industries. In the heavy appliance business in June, sales to dealers ran 12% behind last year, and as inventories pile up, prices are falling. Frigidaire last week cut prices on its line of refrigerators from 5% to 12%. General Electric dealers have also cut prices $10 to $30 on some models. Other major makers are expected to follow. Another soft spot is furniture. Dealers are also downpricing standard-size cars because of high production, heavy inventories and competition from the smaller and lower...
With the nation in a vacation mood last week, business also seemed to be taking a breather. The Federal Reserve Board reported that the industrial production index declined in June by 1% to 109 of the 1957 average, due primarily to the cut in steel production. This left the index two points lower than the high of 111 last January. But if production was off a bit, consumer buying in June ($18.7 billion) was a record for the month...