Word: slump
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Dates: during 1940-1949
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Wall Streeters, who had had a dozen reasons for the market's slump during the summer, now had another dozen reasons for the rise. There was "a better tenor to foreign cables," it was only "the preelection rally," etc., etc. But there was also reason to believe that investors, who had mistrusted the solidity of the boom, were having their minds changed by fresh evidence...
...suits, and bragged in full-page ads that it was "shooting the works for $19.95." Retailers remembered their old maxim: sales of men's clothes are the first to fall; then women's, and then children's. They also remembered that the post-World War I slump began with a drastic retail price cut (John Wanamaker...
Airline men, who know that they must tap the middle and lower income groups if they are to survive the air travel slump, expect that Pan Am's trick will soon be adopted by other lines. Said T.W.A.'s Warren Lee Pierson: "The principle of low-cost service has been recognized by the steamships and the railroads while the airlines have stubbornly clung to a one-class service. It's time the airlines offered a choice of classes...
...Little, higher productivity had suddenly become very necessary. With the slump in textiles (TIME, Aug. 30), he was beginning to find it difficult to sell some of his products. Although Textron's net profits have jumped to $3,805,000 in the first half of 1948, from $2,841,835 in the same period last year, its current gross sales, running at a rate of $100 million, were off $25 million from 1947. Little thought next year would bring a further decline. To see him through the leaner years ahead, he was concentrating on his Textron brand name products...
Automobile tire sales were ballooning. A severe winter slump had persuaded tiremakers that they were up against a postwar decline,* and they had gone after customers with talk of new styles and promises of greater comfort. Firestone brought out a low-pressure "super balloon tire", U.S. Rubber an "Innacush" (industrial solid tire), and Goodrich a tubeless tire. But buyers hardly noticed the new offerings; they just needed tires all of a sudden, and standard models were plenty good enough...