Word: slump
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Dates: during 1940-1949
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...hope for that until the buyer's market had brought something like prewar sales conditions. Charles Erwin Wilson did not look for it until the prices of late-model used cars were at least 25% under new car prices. That seemed some time off; despite the used-car slump, most G.M., Ford and Chrysler "new" used cars were still selling at over the list prices last week. Thus, most automakers thought that car prices would stay where they were for a long time. As for Wilson, who wanted prices to come down, too, he said...
...system looks so promising that the hospital is now giving the special treatment to 200 patients, and other VA hospitals have adopted the treatment. One of the wrinkles added by the Bedford (Mass.) Hospital: a three-paneled mirror. It helps patients who slump along with bent head and shoulders to straighten up, look the world in the face...
...Profits. "In what way?" shot back Wilson. "It's rotten business. It only makes 1.2% net." G.E.'s rate of profit on civilian goods-7.2% on $1.3 billion in sales-was not enough, said Wilson, to pay for expansion and to protect G.E. against a sudden sales slump...
There were layoffs in the textile, clothing and shoe industries, all hit by a slump in sales. Makers of building materials (plumbers' supplies, structural steel, etc.) reported greater-than-seasonal layoffs, indicating a drop in building next spring...
...depressed '30s, Wall Streeters stopped ringing doorbells. They just sat at their desks, did business over the phone. But last week New York Stock Exchange President Emil Schram thought it was time for the Exchange to try to "sell" the market out of its slump. Schram wanted to "interest the public to buy securities regularly as a means of producing income, much as they have learned to purchase life insurance as a means of protection...