Word: bradstreet
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Dates: during 1940-1949
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Last week, after a nationwide survey of 1,776 companies, Manhattan's hardheaded Dun & Bradstreet, Inc. predicted that all U.S. sales for the second half of 1949 will show an average decline of only 3.3% under 1948's record total. The group surveyed did not expect more than a drop of 3.6% in profits on the average-ranging from 5.1% for the durable goods companies and 4.2% for the wholesalers, to 3.6% for the retailers and only 2.5% for the non-durables...
Rising Dividends. Dun & Bradstreet's President Arthur Dare Whiteside, wartime boss of civilian production, was struck by one big fact in the survey. The pessimists, said he, were not pessimistic about their own business; they expected to do fine. It was the other fellow who would have the trouble...
...little. Instead of laying men off, the mills furloughed men in rotation. For the weeks of furlough, each worker marched over to the unemployment office and drew unemployment pay from the state. (Except for the first layoff each year, Massachusetts does not require a waiting period.) Explained Al Bradstreet, a weaver in American Woolen's Wood mill: "I'm off one week in three. When I'm off, I get $25 plus $2 for each of the three kids. Nobody wants this to go on, but oh boy, things would really be bad if they just laid...
...were working less than full time. Actually, this sounded worse than it was. January employment is always less than December's, when the Christmas trade is glowing; 351,000 more were in jobs than were working in January 1948. Wholesale food prices were also dropping sharply-the Dun & Bradstreet wholesale food price index was the lowest since...
...consumers, most of them were welcome. Food, which had risen so much higher than anything else, was finally dropping enough to be a help to budget-bound housewives; meat, butter, eggs, etc. were all down. Dun & Bradstreet's weekly index of the wholesale food price (per pound) of 31 items slid to $6.33, lowest in 17 months, and 14% below July's alltime high...