Word: starting
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Dates: during 1950-1959
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...decline." Though consumers in 1958 plan to buy fewer houses, heavy appliances and new cars, the survey noted, they will spend more on used cars, furniture and home modernization. Retail sales for the year are 2% ahead of 1957, with a fat 7% increase in department-store sales to start off March...
...predicts that the bull will soon jump to his feet and start pawing the ground again. He will first need a heavy feeding of richer sales and earnings. Yet many investors are buying such stocks as U.S. Steel, Montgomery Ward, Libbey-Owens-Ford for the long pull. Says San Francisco Investment Broker George Davis of Davis, Skaggs & Co.: "These stocks are being bought by men with eyes over the hump, while the others are all moaning about 'what...
...reason many a businessman thinks that the recession is already bottoming out is the drastic cut in inventories. So many companies are eating into inventories so fast that it looks as if they will soon have to start ordering again whether they like it or not. Best evidence came from the National Association of Purchasing Agents, whose members were the first to issue a warning last fall. Last week the association reported that its members were more optimistic in February than at any time since last November; 24% reported that their new-order situation was improving, v. only...
...have hit bottom. Though car-loadings for the year are still 17.5% below 1957, railroaders attribute at least part of the trouble to winter snows that tied up Eastern lines during February, and note a small but definite uptrend so far in March. A second hint that companies may start ordering soon: during a walkout at Aluminum Co. of America's Alcoa (Tenn.) plant late in January, General Electric Co. got a court order after four days to enter the plant and get desperately needed aluminum it had on order...
Beef & Macy's. Everyone expects the U.S. consumer to start buying more of everything soon. Purchasing power has been held up by unemployment compensation and other benefits. Furthermore, despite the jobless rise, overall U.S. employment remains high. Some 50% of the unemployment rise is in manufacturing industries (autos, aircraft), which employ only 23% of the total labor force. The service industries, which employ 35%, show no recession, have held remarkably steady, with little or no change over the last three months...