Word: slumps
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Dates: during 1950-1959
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FARM-TRACTOR SALES this year will trail 1955 volume by at least 20%, the industry believes. Falling sales, because of drought and lagging farm income, will force International Harvester Co. to halt production at two plants for at least five weeks, starting Oct. 1. Farm-equipment slump has also prompted merger talks between Chicago's J. I. Case Co., which has shut down two plants, and money-losing Oliver Corp...
...early postwar years, Niarchos saw the bright future of international trade and plunged into shipping with every drachma he could scrape together while most shipowners were battening hatches to ride out an expected slump. In ten years. Niarchos has not only built his fleet-and a fortune estimated as high as $350 million-but has helped revolutionize the design, financing and operation of tankers, launching a new race of giant ships that is fast changing the economics of merchant marines the world over...
...consumer is obviously not worrying about a slump. With more employment and fatter paychecks, consumers from coast to coast had money enough to pay off installment loans on what they had bought in 1955-and then buy still more. The sales increases were not all spectacular. Nor were they evident in every line or city. But they did show the overall pattern of slow, steady growth. Buyers in 1954 and 1955 had concentrated on hard goods-autos, furniture, refrigerators, etc.; now they are concentrating on clothes and small appliances, and spending more for food, entertainment and other nondurables...
Businessmen generally were concerned with the whole state of the economy rather than with the steel segment. Generally, the news was encouraging. The bottom of the Detroit slump seemed to have been reached and passed. Both Ford and G.M. were rehiring, and Ford announced it had found it necessary to increase production schedules for July...
What did the market slump mean to the U.S. economy? One effect was to touch off a heated debate about U.S. economic prospects in 1956's second half. At his press conference. Commerce Secretary Sinclair Weeks refused to be ruffled, said that "the market is just one factor to take into consideration...