Word: slumping
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Dates: during 1950-1959
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...national defense? The watch manufacturers won tariff increases up to 50% in 1954 on the argument that the U.S. has to maintain at least 4,000 watchmakers to turn out military timing devices in case of war. Yet Bidwell found that domestic production of sensitive jeweled watches continued to slump even after the tariff rise, and "it is doubtful whether the present level of import duties will guarantee that watches will be produced at a level which defense authorities would consider adequate." In any case, he said, a high tariff is not the best way to protect the industry...
...months of 1956, almost $6 billion worth of bonds were floated v. $5.2 billion for the same period last year. In addition, new stock issues in the first three weeks of September alone climbed to $169 million v. only $55 million in all of August. Thus, the September market slump was not so much an urge to sell as a reluctance to buy; the trading was the lowest September level in two years. Most of the selling was by relatively small investors, while the big investors such as pension funds are either sitting tight with their holdings or buying proportionately...
Climbing Classics. The boom has spread to all types of records, even rolled through the hot weather when sales usually slump. In 26 weeks this year, Columbia's album of the score from Broadway's My Fair Lady (TIME, June 25) sold more than 653,000 copies, about half as many as the alltime champion, Columbia's South Pacific, has sold since 1949. Also climbing high in the sale of classical recordings, traditionally 25% of the market, and specialty albums, e.g., sports, plays, literary readings, politics. Last month ABC-Paramount brought out a collection of President Eisenhower...
...slump in farm-equipment sales has brought J. I. Case Co. some elephant-sized troubles. In its last nine-month fiscal period alone it lost a mountainous $4,403,000. As a way out of its troubles, the elephant last week enlisted the help of a mighty mouse: Case made a deal (subject to approval of stockholders) to merge with the American Tractor Corp., which grossed only $5,000,000 last year v. Case's elephantine $95 million, and lists the book value of its stock at a mere $2 a share v. $37 for Case. Yet Case agreed...
...continental Western Europe's total industrial output soared 26% over the 1953 figure while Britain's limped along at a 13% gain. Output of consumers' durable goods rose 96% in West Germany, 68% in Italy, 50% in France, only 28% in Britain. Accelerating Britain's slump was her skidding production of autos, chemicals, textiles...