Word: shoeing
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Dates: during 1940-1949
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Ludger Dionne, 59, is a canny industrialist who operates, among other things, a shoe factory, a heel factory and a rayon mill-all in St. Georges (pop. 6,000). Most of his rayon-mill hands-he runs two shifts, 6 a.m. to 2 p.m. and 2 p.m. to 10 p.m.-are daughters of local farmers. About 50 of them live in Le Foyer, a dormitory built as an annex to the Convent of the Sisters of the Good Shepherd. On the first floor of the greystone four-story building are a cafeteria, a recreation room and parlors where the girls...
...high prices have cut shoe sales way down, retailers had simply refused to buy at present prices. But few manufacturers talked reductions. So only 15% to 25% of the shoes that stores will need this autumn were ordered...
...official position was that a high hide price and high wages did not add up to price reductions. But privately they whistled a different tune. They were not so sure that hides would stay up (they have already dropped some) with cattle slaughter 35% above last year. Nor could shoe prices stay high if sales continued to drop. Said one retailer: "Shoe prices will be 20% lower by July...
...shoe industry had started to slump the first of the year. When buyer resistance continued through Easter time, the slump became serious. In New England, where some 35% of the nation's shoes are made, production for the first four months of the year was lagging about 20% behind the same period in 1946. Some shoe plants have shut down alto gether, while at least 25% are running only two or three days a week. About one-fourth of New England's 100,000 shoe workers are either out of work or have taken a deep...
...sales slump came after the industry produced an alltime record, in 1946, of 529,000,000 pairs of shoes, and profits of the twelve leading companies were 47% above 1945 and 100% above 1942. Loaded up with shoes as they are, some manufacturers have finally realized that the seller's market is gone. Last week, Thom McAn Shoe Co. reduced the price of its shoes 30? a pair (about 5%). Retailers said bluntly that manufacturers would have to do far better than that. The shoe now is on the other foot...