Word: summer
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Dates: during 1940-1949
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Last week, with a robustious performance of Rigoletto, the Rome Opera's 1949 summer season came to a close. Many of the 200,000 tourists who visited Caracalla found performances full of more swaggering and hair-on-the-chest acting than they were accustomed to; also, the vast distances sometimes provoked more screaming than singing by Caracalla's puffing stars. But most could agree that they had never seen such a striking setting or such magnificent staging...
Broadway stirred last week in the first chill of autumn and looked around for the start of a new season. It was hard to find. At the end of a muggy summer, only 15 shows still ran in its 30 playhouses (half as many as were running in London), and all of September promised only one new arrival. Symptomatically, it was not even the product of a Broadway rehearsal stage, but Los Angeles' long-running revue, Ken Murray's Blackouts...
...rate of industrial layoffs had slacked considerably. In the latest week, said the Labor Department, new claims for jobless benefits totaled only 251,000, the lowest for any week since last November. Department store sales, hard hit by the hot summer, had also perked up a bit; retailers saw better business ahead. At the end of July, said FRB, 296 of the largest department stores had ordered $401 million in new goods, v. $286 million at the end of June...
Tires & Refrigerators. The upturn in business was not yet general, but it was spreading, thanks to a seasonal boost in some industries. Hot & heavy summer driving, for example, had finally resulted in an increase in tire sales, which made rubbermen revise upwards their 1949 output and earnings estimates. Part of the upswing resulted from special reasons. Example : the fear of a steel strike was partly responsible for the increased demand for steel which had boosted production to 86.3% of capacity (Weirton Steel Co. was back...
...consumer credit controls (installment credit rose to an alltime peak of $9.3 billion in July). General Electric Co.'s President Charles E. Wilson said that the outlook was bright (see below) and that G.E.'s appliance business had picked up more than it usually does in the summer. Other appliance makers, who had cut back for lack of orders in the spring, were once more allocating some goods and calling back furloughed workers...