Word: slumps
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Dates: during 1960-1969
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Vanishing Pygmies. The deal is a notable landmark in the gradual transformation of the tradition-bound house building industry. Last year, amid housing's worst slump since World War II, one out of five home builders went out of business. As small firms vanish, giant combines rich enough to build on a huge scale are taking over. Big corporations such as ITT are increasingly joining forces with builders-often by merger, sometimes through joint ventures. Last year, for example, Westinghouse Electric acquired Florida's Coral Ridge Properties and is now busy building a city for 60,000 residents...
...Pont's troubles center in the field it dominates: man-made fibers. As the leading U.S. maker of nylon, Dacron, Orion and several other synthetics, Du Pont depends on textile companies for a third of its sales volume. But the textile industry skidded into a sharp slump this year because of excess inventory, rising imports and falling prices. And that downturn caught chemical companies in the midst of a major expansion of fiber-making plants. One result is that the wholesale price of Dacron has dropped 40% in the past year. The problem, says Copeland, "can well be with...
...office to recruit (and possibly pay for) Faculty and then match them with interested students. He would like to make it easier for students to set up courses and even concentration programs of their own. One HPC member has received a grant to do his thesis on the sophomore slump, and the committee may continue some rudimentary work it began this year on the problem...
...American Radiator and Standard Sanitary Corp., the nation's No. 1 in heating equipment, commodes and other plumbing fixtures, announced an amicable bid to buy out its Manhattan neighbor, Mosler Safe Co. American Standard hopes to "diversify our dependence on the construction industry," whose current slump has pulled the chain on the company's profits. Despite record sales of $569 million, earnings plunged 44% to $10,350,000 in 1966 and are down by 86% so far this year. The company offered $38.50 a share for the rich safe-and-office-equipment maker, whose sales ($64 million...
Though the Dow average of 30 blue-chip stocks has now erased three-fifths of its 1966 slump, broader gauges of the market show even more striking recovery. Standard & Poor's index of 425 industrials last week soared to an alltime high of 101.16, and the ten-month-old composite index of all 1,267 common shares traded on the New York Stock Exchange reached a new peak...