Word: downwards
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...Cotton prices were down. Reason: textile production continues downward despite the 48-hour week established by WMC in May. Daily raw cotton consumption in July was estimated at 35,800 bales-a drop of 12? since last July...
...proven U.S. oil reserves through the discovery of new pools. West Edmond will probably give 1944 a better record. But geologists look back to 1937. That was the year the new oil-discovery graph line began to turn down from a peak of 929 million bbl. It has trended downward ever since...
Three More Months. Barring unexpected catastrophes of battle, the war peak will be reached in three more months, stay on a plateau for a little while, then start downward. Some war items may even be stepped up (e.g., tank production, only a trickle for months, was ordered into high gear last week when beachhead tank losses in France were bigger than anticipated; in addition, Rear Admiral Emory S. Land announced that merchantship production would soon be stepped up). But a scheduled cut in overall war production is at last in view. Then the U.S. will be smack up against many...
Rails Down. On the downward side, the railroads continued the slide that they started late last year. They are taking in more money but lower freight rates, taxes and higher wages leave less & less. Southern Pacific rolled up $21,685,247 in last year's first quarter, saw its profits plummet to $11,445,893 in this. Smaller roads fared no better. Pere Marquette tumbled from...
...When the topheavy mortgage structure crashed during the Depression, 85,000 farmers were wiped out by foreclosure. Now land values are creeping upward again as farm income soars to an alltime high. But the farmers will be on solid postwar ground if they keep the mortgages curve heading downward. This is good news for everybody, even country bankers...