Word: dipped
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Dates: during 1950-1959
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Steel stocks, which have helped lead the market up for the past two months, turned about last week and led it down again. All major steel issues sagged badly, from Armco's slide of 3! points to Youngstown Sheet & Tube's dip of gf. The main reason was a sudden pessimism, largely touched off by a gloomy steel report front-paged in the Wall Street Journal, and sent over the Dow-Jones ticker, which said that demand is disappointing and inventories are building up too fast. Steelmen thought the report was far too pessimistic...
...last week issued an earnings report that showed just how far it must go. In the third quarter of 1956, Chrysler lost $12.3 million on sales of $429 million, down $152 million from the same period in 1955. All told for the first nine months, Chrysler saw its sales dip 24% to $1.8 billion, and its earnings plummet 91% to $6,272,352, or 72? a share v. $8.11 last year, partly because of the $300 million outlay for new models. Next year, said Chrysler's President L. L. Colbert, should be a lot better: "Our production schedules...
Some business leaders still viewed that prospect with the kind of alarm that caused the market to dip after the Republicans lost the Maine state elections. "Venture capital," said one, "would crawl into its shell and creep away." Others shrugged their shoulders. "You might do better with Ike," said Connecticut's Richard G. Williams, major stockholder of the J. B. Williams Co., "but you won't go broke with Stevenson...
...billion in gold and dollar reserves before the pound is strong enough for convertibility. In Britain's economy, beset by inflation, imports have risen more than exports, until gold and dollar reserves have slipped from $3 billion in 1954 to $2.2 billion this year. They may dip lower if the Suez crisis forces Britain to buy oil from the dollar area. To right the balance, West Germany argues that Britain should devalue its pound, thus make British goods more attractive for export customers. But Britain has no intention of devaluing, instead hopes to solve her problem by stemming inflation...
...Administration has long worried about the dip in housing construction, now at the rate of 1,100,000 starts a year v. 1,300,000 a year ago. Last week it took four steps to turn the building curve upward again...