Word: pinching
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...down, the farm-machinery busi ness slumped. The petroleum industry showed signs of overproduction; Sin clair Refining Co. and Phillips Petroleum Co. cut their crude-oil refinery runs 3 to 5% for September. Auto production fell moderately during August as auto makers began to feel the Hydra-Matic transmission pinch and output of 1953 models started to taper off in preparation for retooling for 1954. There was softness in some apparel lines and in some home appliances, and defense cutbacks have had a mild effect on aircraft-supplier plants...
BUILDING costs are heading downward. Pacific Northwest lumber mills, feeling the pinch of Canadian competition, have cut prices as much as 25% in the past year. In Oregon and Washington, more than 150 lumber mills are so overstocked that they have curtailed operations or closed down entirely...
...costs. But it will work a corresponding hardship in the producer nations. In Malaya, where tin is one of the main props of the economy, 54 tin mines have shut down in the last few months, and more are on the verge of closing. Turkey is also feeling the pinch. For more than two years, Turkey has sold more than two-thirds of its output of chromite (used to harden steel) to the U.S. The dollars it earned have helped to pay for the capital-works program which is lifting Turkey's backward economy by its bootstraps. But with...
Though still far and away the world's leading shipmaker, Britain has already begun to feel the pinch from some unfamiliar competition. At the end of June, she had orders for 900 ships, but her share of the world market has shrunk from 53% in 1946 to under 30% last year, largely because of the fast increase in shipbuilding in Japan and Germany...
...long-faced, lanky figure of John Foster Dulles was familiar. So was that of worldlywise, world-weary little Georges Bidault. The new face at the diplomatic table in Washington this week would be that of a lean Englishman who is pinch-hitting for Anthony Eden. He is the Tory Party's hidden siege gun in foreign affairs...