Word: recessional
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Dates: during 1950-1959
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Railroads. Rail traffic in the first half, said James L. Symes, chairman of the Pennsylvania Railroad, will be 5% to 7% over the first half of 1959, when the rails were still steaming out of the recession.
The adjustment, which set the tone of LÓpez Mateos' first year, was a tough and successful fight to save the peso from devaluation. In the first six months of 1958, under free-spending President Luis Ruiz Cortines, the country piled up a $96 million deficit abroad, a...
¶ The Pacific Northwest lumber industry, in a price recession since July, noted a turn-around in buying for 1960 construction. Price of the most popular grade of plywood jumped $4 per 1,000 bd. ft. in the week to $68.
Looking at the aftermath of the steel strike, some economists last week were swinging around to the opinion that for all the harm it did the economy, it also may have done some long-range good. Along with others. Chamber of Commerce's Schmidt pointed out that the postwar...
The most remarkable fact about consumer buying is that nothing seems to deter it. During both the recession and the steel strike, consumers held to their buying pace, thus bolstered the economy in a key area just when it needed support. Now, though personal income has leveled off, the consumer...