Word: slumps
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Dates: during 1930-1939
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Where not to go now is obviously the industrial East, hardest hit section of the U. S. Because of the slump in automobiles, trade in the Detroit area was off 26% in January from January 1937. New England trade was down 21% as its rambling textile mills operated on a 3-day week. Glass, steel and auto-part mills were listless in northern Ohio. Northern Illinois trade shrank as Chicago unemployment grew. In Manhattan trade volume plumped 19% with cinemansions and department stores feeling the pessimism of Wall Street...
...dwindling tourist influx was offset by a flock of new paper mills to keep the decline to 18%. Birmingham coal and iron mines were less active. Cotton mills in Georgia and the Carolinas, which were working overtime year ago, were generally on part time. In Southern California the 13% slump was largely explained by dwindling cinema revenues. Rest of the far West was better off except for the cattle ranching States of Wyoming and Colorado, the mining areas of northern Arizona & New Mexico. Purely agricultural regions so far have felt the pinch very little. In Nebraska and Iowa trade...
...United Artists group, only Producer Walter Wanger was working at top speed. Samuel Goldwyn was temporarily inactive, his corps of laborers laid off; Selznick International, geared to leisurely production, had a skeleton staff, the publicity department alone working at full blast. Other studios, already entrenched against the slump, functioned at what now passes for normal speed...
Hollywood labor, to which the present slump was merely the sharpest pinch of a long campaign of studio skimping & saving, fortnight ago engineered a general four-day work week agreement with the studios. And last week, the Screen Actors Guild was facing the problem of 4,000 members of the Guild's junior branch, chiefly extras and occasional players, for whom work has been so scanty that they have been unable to pay union dues. Since no actor in Hollywood can get a job without a Guild card, Guild officials were considering issuing temporary working cards to delinquents, permitting...
...General Motors' William S. Knudsen were closeted for nearly two hours with President Roosevelt. No one would reveal then or last week precisely what went on, but it was admitted that the President said something must be done to haul the bemired automobile industry out of the slump...