Word: slumping
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Dates: during 1940-1949
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Last week Chile got fresh help from the U.S.: a $25 million Export-Import Bank credit. It would tide the Chileans over the slump in copper prices that knocked a hole in the government's expected revenues for 1949. Moreover, by making money available to pay for U.S. heavy equipment and materials, it would enable González to go forward with his program of economic development...
Except for a slump in railroad carloadings there were few signs as yet that the strikes were having much effect on business. It would be several weeks before most auto manufacturers felt any real pinch in their steel supplies. Some businessmen were cutting down on forward buying, and steel warehouses were planning to allocate their dwindling supplies. But Mill & Factory magazine, in its latest survey of 1,000 manufacturers, found that 63% of them thought that the business outlook was brighter now than six months...
...radically and immediately, our dear country will plunge into the most frightful economic chaos . . ." Then Minister Pella played his trump cards. He announced 1) an immediate 10% reduction in the controlled price of bread, in answer to Communist alarm cries that as a result of the lira's slump prices would rise; and 2) the purchase in Washington of a little more than $100 million worth of gold (100 tons) to back the lira...
...office seemed to be climbing steadily out of its long postwar slump. Last week the Bureau of Internal Revenue announced that August was the fourth month this year to run ahead of 1948's corresponding month in admissions tax returns. To make things even brighter, Dr. George Gallup's Audience Research, Inc. reported a steady fall in the average price of admission paid by U.S. moviegoers. With total receipts on the rise, that spelled growing attendance. The average spent for a ticket in August was 45?, compared to a postwar peak of 48.8? early in the year...
...Worried by a sales slump which laid off 38 workers, the retail clerks union in John Wanamaker's New York store took an unusual step; it shrewdly decided to woo the public instead of damning the management. Union members appropriated $6,000 for newspaper advertisements and mail circulars to plug the store they work for. If business picks up, explained Paul P. Milling, president of the union local, "we will be able to look forward to a further improvement in wages...