Word: slowdowns
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Some tobaccomen thought the blame for the slowdown should be put on the cigarette companies, and especially the new filter cigarette publicity. Cried Grower-Warehouseman Fred S. Royster, president of the Bright Belt Warehouse Association: "The public is being frightened from tobacco by outlandish medical claims by some of the manufacturers. Much of this advertising is plain silly...
...Sorokin, late of Chicago and Regal Pants Inc. Sid is plant superintendent for Sleep Tite now, and Sleep Tite (the Pa jama for Men of Bedroom Discrimination) is booming. The trouble is that the union is demanding a 7½-cents-an-hour raise, and pulling a' slowdown to get it. Sid's problem is complicated by the fact that his boss, Mr. Hasler, is determined not to knuckle under to the union, while Sid's girl, redheaded Babe Williams, is one of the union ringleaders...
Toronto banks rated it below par in cash transactions, charging $100.37 Canadian for $100 U.S. At most border points, the two dollars were traded even. One cause: a marked slowdown in the great rush of U.S. investments to Canada...
Aircraft production is another story entirely. The Wall Street Journal reported last week that production difficulties are forcing another stretch-out of plane deliveries. Under Secretary of the Air Force Roswell L. Gilpatric hurriedly denied any slowdown or "any major lag in the program as a whole...
...cause of the housing slowdown was the shortage of money for FHA and veterans' mortgages. Though other interest rates have moved up, the FHA and VA still will only insure mortgages at 4¼ and 4%, rates now too low to attract much bank money. The realtors were all in favor of FHA and veteran loan guarantees, but they thought that interest rates should be set on a flexible, regional basis rather than one rate across the nation. Said Atlanta Realtor Henry H. Robinson: if VA interest rates were allowed to rise, "Expect a terrific boom in G.I. home...