Word: slumping
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Dates: during 1950-1959
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...Guardians. In the same week, there was promise in the wheat belt of a harvest some 250 million bushels bigger than last year's.* Here, too, lay political opportunity. If the crops are up to promise, both corn and wheat may slump between now and election time. In Washington, Charlie Brannan's planners are already drafting their strategy for reminding the farmers that the Administration is the true guardian of the "fixed," (i.e., ever-rising) price...
...movie had to buck Manhattan's hottest July on record, a barrage of bad reviews, the Democratic convention on radio & TV. and the summer box-office slump. But Don't Bother to Knock (20th Century-Fox), reported Variety, reaped a "sock $26,000" its first week, then kept on "holding in fine fashion...
...slump in textiles hit some companies hard. American Viscose (rayon & acetate yarns) saw its net almost halved to $3,400,000. Easing demand in the chemical industry had also shaved many earnings. Union Carbide's net was down 20% to $23 million, and DuPont's firsthalf sales were off along with its net ($2.12 per share v. $2.20 in 1951). On the other hand, fast-expanding Mathieson (TIME, July 21) racked up a 9% profit gain to $2,900,000, and drugmaker Parke, Davis, which has been able to turn a profit for 75 consecutive years, reported record...
Britain, after a promising start, was hit by a worldwide slump in raw material prices which sent the whole sterling area sliding downhill, from an EPU surplus of $726 million in April 1951 to a net cumulative loss of $860 million at last month's audit. Desperately, Chancellor of the Exchequer Rab Butler slashed Britain's trade "liberalization" from 90% to a worse-than-ever...
Schenck had slipped into Hollywood five weeks before, set up a round of interviews with MGM's key personnel, from Production Boss Dore Schary to Bathing Beauty Esther Williams. His conclusion: in the face of a box-office slump and skyrocketing overhead, the time had come for a rigid economy campaign...