Word: upturn
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Dates: during 1950-1959
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...first quarter, 6.5% more than originally intended. About the only encouraging harbinger came from Ward's Reports, which noted that retail auto sales in the second ten days of March jumped 20% over the first ten days, leading automen to hope that April will bring the big upturn everyone has been waiting...
...first robin, the auto industry has been nervously looking for signs of a spring upsurge in sales. Last week the robin appeared. New-car sales for the last week in February, announced Ward's Reports, "shot to the highest level in seven months, heralding the awaited spring market upturn." Ford announced that retail sales of Mercury, Lincoln, Ford and Continental for the first two months of 1957 totaled 293,008, the greatest in its history for the period...
...Wall Street bond dealers the upturn ended, at least temporarily, one of the worst periods in bond-market history. Though bonds have never been an investment favorite because of their fixed interest rates, the big bull market had made them particularly unattractive. As stocks have upped dividend payments, the bond market has gone down...
...upturn? A "decisive" factor, explained Agriculture's Economist Frederick V. Waugh, was "government programs," e.g., the Administration-sponsored soil bank, which last September began to pay farmers to withdraw 12 million acres from production and put them to soil-conserving measures. The figures bore him out: of the 1956 rise-$400 million over last year's $11.3 billion-some $250 million is from soil-bank payments. Next year, when up to 45 million acres are to be set aside, the payments will be that much higher, and so should be the cut in the surplus. The hope...
...This upturn in the amount of contributions to PBH is the culmination of a situation which began in 1947, when the House agreed to forego its own highly-successful find-raising campaign, and join the Combined Charities Appeal. Since 1947, the amount of donations to PBH dropped from a high of $5000 to its low last year. Since it had fairly-well depleted the $10,000 savings which it had accumulated during and after the war and was now more dependent upon the donations from the Combined Charities, it was decided to stress the choice of PBH as recipient...