Word: slumping
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Rubber." In 52 years in the business, F.A.'s career had as many patches and punctures as an old inner tube. He founded the Goodyear Tire & Rubber Co. in 1898 with $3,500 borrowed cash, made it the world's biggest tiremaker. But in the 1921 slump he lost control of his company...
...York Times (circ. 537,216) raised its weekday price from 3? to 5?, the same as all other full-sized Manhattan newspapers. Reason: rising costs. Before it did so, the good, grey Times had cautiously tested the new price for three months in the suburbs, found no slump in circulation...
Thus, when recession-minded merchants felt the first touch of sales resistance, they canceled orders and started to live off inventories, lest they be caught in a slump. But sales slipped only 5% in the firs? six months. Since production dropped more than three times as fast, the U.S. was soon using up far more than it was producing. Then deep price cuts in such big consumer items as clothing brought even the most reluctant customers hustling back with wallets in hand. On top of that, consumption got a few healthy midyear boosts...
...greatest boom in U.S. history, tumbled badly again in 1948 when the boom was at its peak. Though the market had not been able to detect a boom, it started out in the early months of 1949 to prove that it could certainly see a slump...
From 181.54, the Dow-Jones industrial average slid steadily downward until by June it hit 161.60, the lowest point since 1945. In the rush to cash in on the slump, the short interest soared to the highest point since 1932. Only the most optimistic eye could find a bull anywhere in Wall Street. Then, perversely, the market started up. Scoffed the experts: a mere "technical rebound." But it was far more than that. Through the coal and steel strikes, it kept right on rebounding. By year's end, a 40-point rise had chased the bear...