Word: slumping
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Dates: during 1950-1959
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...votes to Stevenson's 46,000. Considerably less than half as many voted. There was no doubt that some farmers who had voted for Eisenhower voted against the man who was running on his name. In the dairy-farming district, farmers were worried about the slump in prices of cattle and other farm products. They were disturbed because Secretary of Agriculture Ezra Taft Benson, who spoke in the district three weeks before election, had not come forward with a specific farm program, but had again and again indicated that he had grave reservations about the present (i.e., the Democratic...
Paradoxically, the mining slump has come at a time when U.S. industry is using zinc at a record rate (an estimated 1,100,000 tons this year) and lead consumption is only a shade below the 1950 peak of 1,200,000 tons. But U.S. mines have not benefited; low-priced imports, up sharply in the last few years, exceed U.S. production (see chart...
Next month, the U.S. Tariff Commission will hold hearings to see what can be done about the slump. Most of the mine owners want a higher tariff. They argue that lead and zinc mining are essential to U.S. defense, that in time of war foreign supplies might be cut off. But that is not a strong argument, since more than 75% of zinc and 50% of lead imports come from Canada and Mexico. In any case, the Tariff Commission can only boost the tariff by about a cent a Ib.; what the miners want is a sliding scale that would...
...governments. Nowadays, in preparing for the future, planners separate public-works projects into two major categories: 1) those that must be built as quickly as the money can be raised; 2) those that can be deferred and taken off the shelf when they may be needed to combat a slump...
This year's total crop production, the Agriculture Department estimated last week, will be second only to 1948's record. And this is being added to growing surpluses piled up from previous years. One reason for the wheat pile-up is the slump in exports, down 94 million bu. (or about 37%) in 1953's first half. Corn, the nation's biggest crop, is also heading for a glut. By October, stocks are expected to reach 4.1 billion bu., largest in U.S. history. Acreage allotments for corn are inescapable...