Word: slumping
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Dates: during 1950-1959
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Although national farm income has been dropping, U.S. farmers-as of fall. 1955-are still generally prosperous. Farmland values have increased 5% in the past year and show no signs of slump. Farm debts are at record-low levels; seven out of ten farms are free of mortgage; the ratio of debts to assets is only 11%, compared to 19% in 1940. Viewing that part of the picture last week, Ezra Benson could say with a clear Mormon conscience: "The facts are that American agriculture is in sound financial condition...
...share at the three-quarter mark v. $4.74 last year. In the booming electronics industry, civilian sales were so good that General Electric President Ralph J. Cordiner could announce the second-best year in history thus far-sales of $2.2 billion, record earnings of $141 million, despite a slump in military business and a 7% drop in third-quarter profits to $39 million. Chief reason: higher costs because of a shift of production to new plants. R.C.A. was zooming ahead too, announced all-time high sales of $741 million up to October, 12% better than...
HIGGINS INC., famed World War II PT boatmaker, will pass out of family hands and into the W.R. Grace shipping empire. Andrew J. Higgins' four sons, who pulled the company out of its postwar slump by diversifying into pleasure boats and offshore oil drilling equipment, have given Grace and a New Orleans syndicate a long-term option, but are keeping mum on the price...
Last year when the highly touted Cornell eleven played host to the Crimson it was in the threes of an early season slump--one which continued for four straight defeats, the third loss being to Harvard, 13-12. But an inexperienced line suddenly began to jell, and the preseason Ivy League favorites reeled off five victories in a row to tie Yale for the championship...
...this meant that a premium was being put on the efficient farmer and that the marginal farmer was being squeezed out. It was also true that, despite the price slump, the efficient, mechanized farmer was still making good money-far more than the cold, overall figures show...