Word: slumping
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Dates: during 1950-1959
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...California's huge Bank of America, the world's biggest private bank, had the biggest profit of all. It went into 1956 with resources of $9.7 billion, earnings of $66 million, both at all-time peaks. Another record-breaker: Armour & Co., after a slump in 1954, pushed to a $10.1 million profit in 1955 for a 549% gain...
...year's record advertising, up more than 10% over 1954, was one big reason for the newsprint shortage. Newspapers were scrounging extra supplies from such sources as music publishers and slump-stricken comic-book proprietors; they were also borrowing from each other...
...Curtice stood up before 500 of the nation's top businessmen and industrialists and gave his own pronouncement on the future. General Motors, he said, would spend $1 billion to expand its plants for the increase in auto sales to come. Screamed the headlines: G.M. BETS BILLION: NO SLUMP...
FARM INCOME WILL DROP still more in 1956, predicts the Agriculture Department. Farm-price outlook is for a 4% drop under 1955 prices, in addition to this year's 10% slump...
...KING COAL is digging out of the postwar slump. After dropping to 392 million tons last year, the lowest point since 1938, output this year has climbed 20% to 462 million tons. Reasons: heavy demand by steel producers, reviving exports, and a continued rise in coal consumption by electric-power producers...