Word: sloan
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Dates: during 1940-1949
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Said General Motors' Alfred P. Sloan Jr.: "I haven't any feeling at all that we are going to have a serious recession in this country. I don't see how that can be possible. . . . You can't have an industrial depression when the capital goods industries are busy." The only thing to worry about, he thought, was "a minor recession, perhaps, involving certain adjustments in prices and production where they are out of line...
Those who backed their expectations with money in Wall Street were more inclined to go along with Sloan. The stock-market perked up last week after more than two months of listless decline. The volume of trading passed a million shares in two sessions v. only one million-share session in September. Moreover, prices edged up in all of the sessions, boosting the Dow-Jones industrial average up 3.59 for the week to 179.44. The week's activity was still too mild to confirm any trend. But traders were more cheerful than they had been in weeks...
...Last Look Around (295 pp.)-Clark Lee -Duell, Sloan & Pearce ($2.75); Star-Spangled Mikado (282 pp.)-Frank Kelley and Cornelius Ryan-McBride...
...lien (680 pp.)-Louis Aragon, translated by Eithne Wilkins-Duell, Sloan & Pearce...
NOVELS OF MYSTERY FROM THE VICTORIAN AGE (678 pp.)- Edited by Maurice Richardson-Duell, Sloan & Pearce...