Word: upturns
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Dates: during 1950-1959
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However, the officials feel that there is no practical way to tighten mortgage credit without nipping credit all along the line, which would be damaging to the business upturn. The Government hopes that eventually housing, credit will tighten of its own accord...
...came one of those statistics-studded reports that make the back pages of newspapers but really tell an electrifying story. The news is that Western Europe-not just one country, but all of it-is booming. The U.N.'s Economic Commission for Europe concluded last week that the upturn in European production, "which began in some countries in 1953, is becoming general." Unemployment is dwindling fast in most countries, and Western Europe's gross national product is growing at the rate of 10% a year, a faster rate of growth than that...
Despite a dip in auto production, U.S. industrial production is on the upgrade. Last week the Federal Reserve Board reported that September industrial production had climbed two points over August, v. a one-point decline for the comparable period of 1953. Other signs of upturn: ¶ Steel output at Pittsburgh rose to an estimated 74% of capacity last week, up from 70.6% the previous week, and the highest level since April. Chicago mills went to 73.8% from 70.3%, and Youngstown operations rose 12%, to 72%. ¶ Construction awards of all types rose to a record $1.8 billion in September...
Businessmen who have been anxiously looking forward to a fall upturn last week saw signs that it had arrived. The steel industry, heartened by an upturn in orders, scheduled operations at 66.3% of capacity, highest rate since June 28. U.S. Steel Corp. announced plans for a new "multimilliondollar" plant in Utah for making oil and gas pipe, for a battery of 59 new coke ovens at its National Tube Division in Lorain, Ohio, and for improvements at Chicago and Pittsburgh plants...
...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...