Word: mid-august
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What makes the inflationary spiral particularly crippling is that carloadings, the bread and meat of railroading, have fallen 2.9% up to mid-August, partly reflecting some tapering off in the economy, partly bad weather (floods and crop failures). Livestock and products, though only a small part of loadings, dropped 24.5%; lumber and other forest products, hit by a decline in housing starts, were down 12.9%. Coal was down 1.1%, merchandise shipments of less-than-carload quantity down 8.7%. Most important, the miscellaneous category that includes almost all U.S. manufactured goods and makes up roughly 50% of all loadings dropped nearly...
...hardened old pro at 34, and a veteran of six series. Catcher Yogi Berra was only 31, but already a squat relic of more series (seven) than any other player on either team. There was also a durable outfielder of 40 summers named Enos Bradsher Slaughter. Back in mid-August, old Case Stengel had squinted into the future and decided that once his Yanks won the pennant they would need someone like "Country" Slaughter-a tough customer who plays every ball game for blood. So Country, who had grown up on the gashouse tactics of the old St. Louis Cardinals...
...pundits pushed the panic button for Republicans after studying the skies (large parts of Missouri, Colorado, Oklahoma and Iowa, as well as Kansas, are suffering from drought) and the statistics (Republicans cringed at an Agriculture Department report last week showing that farm prices had gone down by .5% between mid-August and mid-September). Wrote Columnist Stewart Alsop under a What Cheer, Iowa dateline: "Candidate Eisenhower is in deep, deep trouble in the typical Midwestern farm community which surrounds this small town...
Speedup. The slide took place while the economy boomed on-except for farm prices, which edged down ½% from mid-August to mid-September (the third drop in a row). Steel production blazed at 100.6% of capacity. Business outlays for new plant and equipment will hit a $38 billion annual rate in 1956's final quarter v. $31 billion last year. For the auto industry. 1956 would probably turn out to be the third best year on record with production of 6,286,000 units, behind only...
...sell out. But an avalanche of smaller debts was making it hard for him to hold the paper long enough to sell it. Six weeks ago, the City of Boston threatened to seize the Post's real estate if Fox did not pay up back taxes by mid-August. A fortnight ago, the U.S. Internal Revenue Service tied up the paper's bank account with a claim for $221,116 in unpaid withholding taxes from employees. Other creditors slapped other liens on the paper and its publisher, until he had to ask employees to wait several days extra...