Word: upturns
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Dates: during 1950-1959
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...boom headed for a sharp upturn or a slide? For months the question has split official Washington. One faction, which includes President Eisenhower's Council of Economic Advisers, worried that business was slowing down, kept a wary eye on such soft spots as autos and farm prices. But the Federal Reserve Board leaned in the opposite direction, convinced that the boom was still picking up speed so fast that it might get out of hand. Last week the Federal Reserve governors decided it was time to put more checks on credit and industrial expansion. With a flourish...
...land, U.S. business slides into a slump. But in prosperous 1955, with Americans earning bigger wages, going more places, buying more goods, spending more money than ever before, the season's usual slump never came. As U.S. businessmen quickened their pace last week for September's bracing upturn, all signs pointed to the best autumn ever...
...flood of 1954 earnings reports poured in last week, there was no doubt about the sharp upturn in profits in last year's final quarter. General Electric Co. boosted its fourth-quarter net to $72 million, 46% over the comparable period of 1953 and 53% above 1954's third quarter. Despite a 5% decline in sales for the year, G.E. racked up a net of $213 million, up 28% from 1953, for the highest profits in G.E. history. President Ralph J. Cordiner predicted that this year will be even more prosperous...
...upturn which began last fall was duly reflected in the first crop of fourth-quarter earnings reports. American Telephone & Telegraph Co. reported a fourth-quarter net of $125,840,000, up $4,880,000 from third-quarter profits. For all of 1954 A.T. & T. showed a net of $480 million, a fat 12% above 1953's profits...
...fallen to 301,700, almost 11,000 below the week before. Last minute Christmas buying boosted department-store sales a full 3% ahead of the corresponding week in 1953. And the Federal Reserve Board industrial-production index for November rose to 129, (1947-49=100), showing an unusual upturn at a season when industrial production normally dips...