Word: upturning
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...filmdom's new gimmicks turned out so well. Most moviemen were agreed that 3-D is dead. But 3-D had left some benefits behind. Said M-G-M Production Boss Dore Schary: "The defeating factor was the eyeglasses. But 3-D was . . . responsible for the upturn in the movie business . . . It showed that the people wanted something new and would...
...press conference earlier in the week, the President was feeling chipper. In the face of gloomy news from Geneva and Dienbienphu, he was still hopefully optimistic, had nothing but complimentary words for John Foster Dulles. He was pleased to note an upturn in the nation's business, but cautioned the reporters against overoptimism...
...first time in six months, U.S. employment is on the rise. The Commerce and Labor Departments in a joint report (to eliminate previous conflicting reports) announced that the number of jobless dropped from 3,725,000 in early March to 3,465,000 in early April. The upturn so far was no more than seasonal, and manufacturing employment continued to decline. But it was more than offset by more outdoor jobs...
Danger Signals. Businessmen in a score of fields reported that the slide has stopped. U.S. Steel's Ben Fairless announced to his stockholders that "an upturn in demand is beginning to appear." In the copper industry, which has recently been trimming production. Kennecott Copper President Charles R. Cox also reported a turnabout; his company will increase the work week from five to six days at four western mines. And a special committee of the Government's Business Advisory Council reported that the business decline has leveled...
Umbrellas & Overshoes. Elsewhere in Washington last week. Federal Reserve Board Governor A. L. Mills Jr. and Assistant Commerce Secretary Lothair Teetor both saw increasing signs of an early business upturn. "The gloomy ones may well be caught out in the sunshine with their umbrellas and overshoes on," said Teetor. Though two private economists, Walter E. Hoadley of Armstrong Cork Co. and Dr. Courtney Brown of Columbia University, saw no such sign of a swift upturn, neither could they see any signs of an oncoming bust. The gentle slide, they thought, had just about hit bottom...