Word: recessional
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Dates: during 1950-1959
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Unemployment, the 1958 recession's lingering hangover, faded fast last month to the lowest total (3,625,000) and the lowest percentage (5.3%) since December 1957. Workers went back on payrolls in April at twice the normal seasonal rate, reported the Bureau of Labor Statistics this week. No fewer...
There was one index on the downgrade. Happily, it was for consumer food prices. Dun & Bradstreet's shopping basket of 31 basic foods (one pound of each) dropped to $6.13 wholesale, off 2? for the week and 44? below last year's recession level.
Stock Control. Hoping to avoid a proxy fight, Evans and Landa persuaded Gurdon Wattles, chairman of Electric Auto-Lite Co. and a Crane director, to back them with 322,900 shares of Crane stock owned by Auto-Lite. They also went to Mrs. Emily Crane Chadbourne, 89, only living daughter...
Likening non-residency to the inexpensive foreign cars, Leighton points out that, during the 1957 "auto recession," sales of such models tripled. "The College has been advertising only its most expensive model," he points out, and this spring for the first time, application forms for upperclass rooms carried this listing...
Vice Chairman C. Canby Balderston of the Federal Reserve Board warned the Philadelphia Bond Club that industrial prices have risen 2% since the recession low, sooner and more sharply than after the two last recessions, despite continued high unemployment and unused industrial capacity. The upsetting fact about this, said Balderston...