Word: slowdowns
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General Development has lined up several hedges against a slump in Florida land sales: a new chemical process to plate chrome directly onto aluminum, and a private utility system that sells water to its housing developments. But the Mackles do not worry about a slowdown in housing. Says Frank Mackle: "Anyone can sell when the housing market is good. But when the market gets tough and choosy, we can really go to town because we can undersell the competition...
...MARRIAGE SLOWDOWN will nip market for houses, furniture, etc. Dropping steadily since last August, marriage rate this year is about 10% below year ago. Reasons: low birth rate of Depression 1930s combined with today's economic slump and living-cost spiral...
Pittsburgh Steel operated at a loss in the first quarter and expects a glum second quarter, even though "we have several indications that the bottom in demand was passed some time ago." Lukens Steel, hit by the slowdown in shipbuilding and heavy construction, said that first-quarter earnings will show a sharp dip from last year, when it was the industry's brightest star. But Lukens expects that 1958 as a whole will prove "a strong year...
Failure of most of the 1958 cars to meet the approval of the public is one of a series of "unfortunate outside events" which have coincided with a normal slowdown of economic growth to produce the current recession, Sumner H. Slichter, Lamont University Professor, told senators in Washington yesterday...
...White House legislative conference last week when Dwight Eisenhower issued a warning. The warning: go slow on bills designed to cure the recession with heavy spending; the Democrats are trying to spend too much too soon. Senate Minority Leader William Fife Knowland thought he knew where to begin the slowdown, went back to the Capitol to take aim on a Democratic special: the $1 billion Community Facilities bill designed to pump 3½% loans into worthy town and city public-works projects, which Banking and Currency Committee Chairman J. William Fulbright had reported onto the Senate floor for speedy action...