Word: slowdown
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...fast & far as OPAsters had predicted. Storekeepers and housewives by & large kept their heads. Storekeepers promised to hang onto their old price lines as long as they could (see BUSINESS). Housewives hung onto their pocketbooks. There was no country-wide buyers' strike, but there was a buyers' slowdown. Everyone held his breath...
...everything was not quite as simple as that. Revaluation had already dealt what might be a knockout wallop to Canada's gold-mining industry, just getting back on its feet from the war slowdown. And it might hit the tourist trade, which annually pours some $150,000,000 into Canada. U.S. tourists will no longer get $1.10 for their U.S. dollars. But if fewer tourists come because of the lost premium, Canada will lose some badly needed dollar exchange...
Both I.L.A. and N.M.U. headquarters vigorously denied that there was any overall slowdown. Whether or not the tie-up was union-made, there was not much point in more ships coming into the congested harbor. After cargoes are again available, it would take weeks to load those ships already in port...
...speech, in which he declared that industry as a whole could afford substantial wage increases without price increases. The ability of big business to absorb the higher wage costs, said Manufacturer Outman, put smaller concerns at a disadvantage in the competition for efficient labor. The end result: "a production slowdown throughout the small manufacturing concerns...
...morale, started thousands of men protesting and demonstrating. In speech and pamphlet, leaders of the "Going Home" agitation struck out against "imperialism," "militarism," the big brass, War Secretary Patterson, Congress-even businessmen. Highpoint men threatened to "lie down" until sent home; 12,000 men booed an explanation of the slowdown offered by Lieut. General Wilhelm D. Styer...