Word: indexes
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Dates: during 1930-1939
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...found in a quick glance at business indices, virtually all of which continued down, down, down. Steel production was estimated by Iron Age at 48% of capacity, some 26 points below the same week last year and 44 below the May high. Scrap, which is an almost infallible index of future steel operations since more than half of steel production is melted scrap, dropped 25? to $14.75 a ton, compared with $22 in mid-August. Dun & Bradstreet reported that retail trade was still from 4% to 15% above 1936 but by a steadily narrowing margin maintained in some cases...
When the University crred was in not making the fruits of this study directly available to the student. Lacking the foresight of Eliot, department heads have not seen that in order to live in modern America a background of Irish culture or some index to Irish psychology is necessary. As a result, men leave Harvard unprepared for their daily contacts with the men of Erin...
Since steel production is a basic economic index and since the stockmarket's traditional bellwether is U. S. Steel (whose operations last week were down a similar percentage"), a good case can be built to prove that railroad weakness is the governing factor in the current market slide. Last week this case was very much confused by the behavior of railroad stocks in one of the most tumultuous weeks in stockmarket history...
...account for the market's slide, businessmen have talked more & more of "a major business recession." Judged by steel production, which was off almost 40 points since the spring to 55% of capacity, and by the New York Times business index, which fell below 1936 for the first time this year, this view last week appeared well founded, but third-quarter earnings have been generally awaited as the ultimate index of current business...
...Union, prime topic last week was the timeless question-How is Business? But it was not put in the usual form of a casual greeting. Not only had business failed to develop a normal autumn spurt: it was definitely on the down grade. The New York Times weekly business index has dropped steadily from above in. its Recovery high registered in the middle of August, to less than 105, lowest since last February. Everyone had heard disturbing tales of layoffs, close downs, price cuts, sudden cancelations, ominous inventories, dwindling backlogs. And if the stockmarket were any indication, the country...