Word: retails
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Dates: during 1950-1959
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...seasonally adjusted basis) edged down $1 billion to an annual rate of $345.6 billion in October. The total was still $11.5 billion better than October 1956. Yet it meant that workers' take-home pay slipped to $74.78 a week v. $75.63 last month. One effect was that October retail sales of $16.5 billion were the lowest since April, though considerably better than...
...drop as much as 7% in 1958, the new homes, coupled with big programs for new schools, highways, dams and bridges, are expected by F. W. Dodge Corp., the building industry's top experts, to nudge overall construction beyond $48 billion to another record next year. As for retail sales, store owners, who expected record Thanksgiving and Christmas business, have shaved their estimates. Sales last month dropped 2%, and though the year-long totals are still a little ahead of 1956, many retailers say frankly that the recession talk is keeping customers away...
Despite the recent drops, the U.S. economy still has a long way to go before it approaches the slump of 1953-54-which economists now refer to as the "goldplated" recession. Steel must drop another 21% of rated capacity, retail sales 10%, carloadings another 6%, industrial production another 12 points, and unemployment would have to double to 5,000,000 (most economists foresee 4,000,000 by spring). The only part of the U.S. economy that has dropped far enough to be in a serious recession is the stock market. It plummeted...
...drug cartel. Raw materials: principally opium-smuggled from the Balkans in the wall of the men's room in a day coach. Manufacture: by a derelict chemist in a well-equipped laboratory in the cellar of a shabby frame house in a rundown suburb. Distribution: by courier to retail outlets, by an infinite variety of special arrangements between buyer and seller. Protection: by hired thugs-a small outfit by U.S. standards, but what they lack in numbers they make up in enthusiasm...
...Geraldine Veronica ("Jerry") Stutz, 33, vice president since 1955 of I. Miller retail stores, 17-store subsidiary of General Shoe Corp., one of the world's largest shoe companies, was named president of Henri Bendel Inc., swank Manhattan specialty store with annual sales volume of about $5,000,000. She succeeds Ben Willingham, General Shoe vice president on temporary loan to Bendel, who will remain as director. Tall (5 ft. 6 in.), svelte (no Ibs.) and unmarried, Jerry Stutz was educated in Chicago's St. Scholastica convent school, won a dramatics scholarship to Mundelein College, where she switched...