Word: slump
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Dates: during 1940-1949
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...Wars in One. Lagging farthest behind in the new, speeded-up schedule are fast, armed transports to carry troops, weapons and supplies for invasions. Just as badly needed are tankers, not so much because of any slump in building (and certainly not because of losses to enemy action), but because new bases like Saipan call for the hauling of a lot more fuel and gasoline over greater distances. Said Admiral Home: "It isn't the enemy but the rapid extension of our own operations that is putting the squeeze...
...Congress has directed WFA to support floor prices. If the agency quit, egg prices would sag to 15 or 20 cents, putting many a hennery out of business. Then, during the normal winter slump, prices might rocket to $1.50 or $2. WFA's job is to maintain the farmer's basic average price of 30?. To do this it had to buy up 5,000,000 cases of eggs between January and June of this year, as against a mere 31,000 cases for the same period...
...week's end egg processors had taken more than half the 1,400 freight cars off WFA's hands. When it gets rid of the rest, WFA says the crisis will be past. By then the seasonal egg slump will have begun, and WFA hopes the hens will observe...
...sitters, who buy & sell according to the famed Dow market theory, finally had satisfactory statistical evidence of a bull market. Since last July, when the market stumbled after a long rise, Dow theorists have anxiously waited for the market to "prove itself," i.e., break through the July peak, or slump into a full grown bear market. Last week's breakthrough supplied the bullish proof...
Nonetheless the White Paper says flatly that the Government is willing to take "the responsibility for taking action at the earliest possible stage to arrest a threatened slump. This involves a new approach and a new responsibility for the state...