Word: slumping
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Dates: during 1950-1959
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...true, said Ike, that the U.S. brier pipe industry is in a slump. Sales of pipes have dropped from 20.7 million in 1948 to 14 million, and employment and production are down. But the slump was not caused by foreign imports; they have increased by only 2,000,000. Said the President: "It seems apparent that the major part of this loss has been due to decline in consumer demand . . . In recent years, there has been a clear and sharp decrease in pipe-smoking in this country...
...does nothing for the able man except transport him into a temporary intellectual limbo where he finds it impossible to do the demanding work in his major field of interest until junior year. The general purpose of each requirement is wise and valid; but in practice the basic studies slump toward-mere tool training, the distributional program scatters toward disorder, and the system of exemptions give freedom for advanced work, but fails to ensure...
...industrialists from 30 states, polled at a meeting of the National Association of Manufacturers, were all but unanimous in predicting that there will be no serious downturn. Sixty expect business next year to be good, 39 think it will be fair, and only one is looking for a slump...
Actually, while U.S. industry has always been quicker to cut production than prices in times of slump, it has usually followed a directly opposite policy over the long run, on the theory that the lower the price, the wider the market. Auto dealers are once again proving the truth of this maxim. Loaded down with new cars, they have kept sales up by offering big discounts and trade-in allowances. In similar fashion, while many appliance dealers are loaded up with hard goods, the discount houses in the big cities have proved that they can move mountains of appliances...
...drought is having an economic impact that reaches far beyond the farm. Throughout southwest Missouri, farm-implement sales have dwindled, sales of cars, television and radio sets have almost stopped. Every line of business has felt the slump...