End of record business spending surge signals slower 1958
Sylvia Porter reports that the 1958 McGraw-Hill survey shows business spending on new plants and equipment will fall 7 percent from 1957, with many corporations aiming to hold spending to reduced levels in 1959. Despite a 20 percent lead versus 1955 spending, no new boom is expected from business investment in the next 12 to 18 months. any lift must come from consumer or government spending, if offsets occur.
MENTIONED IN THIS ARTICLE
New York
McGraw - Hill
Wall Street
Coun
America
Three Spending Waves Transform Postwar Industry
A McGraw-Hill survey traces three global spending surges driving plant and equipment expansion after World War II. First wave peaked 1948 at 22 billion, then 19.2 in 1949 amid a recession. Second wave post Korean War reached 28 billion in 1953, then 26.8 in 1954, rising to 35 billion by 1956 and 37 billion at start of 1957, with a 1958 forecast of 34.5 billion as capacity expanded. Third wave shifted to research and development for new products, with optimism for renewed plant building by 1960, even as firms cut back awaiting demand. The McGraw-Hill survey flags the era’s driving force behind the 1955-57 boom and notes a cooldown as capacity outpaces demand.
MENTIONED IN THIS ARTICLE
Ing
McGraw-Hill
No. 3 FBI man Lou Nichols retires after 23 years
Louis B. Nichols leaves the FBI quietly after 23 years as the No. 3 man. He headed the communications and large criminal file division, handled public relations, and recalled Pearl Harbor service on duty through the war. He plans a farm and possible private offers, while Hoover hints he can return anytime.
MENTIONED IN THIS ARTICLE
Washington
Ashington
Louis B. Nichols
FBI
J. Edgar Hoover
Lou
Lou Nichols
Pearl Harbor
Peter Weinberger
Long Island
Hoover
Clyde Tolson
Nichols
Angelo la Marca
Victor Riesel
Tolson
Car Plunges Into Bayou Killing Seven
A car crashed through a bridge railing and plunged into Bayou St. Claire near Lafayette Louisiana on Sunday. Sheriff Mayo Har son reported the vehicle fell into 12 feet of water and seven people drowned.
MENTIONED IN THIS ARTICLE
Lafayette
Bayou St. Claire
Mayo Harson
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Sylvia Porter
Try
Peter Edson
Department of Justice
J. Edgar
Leesburg
Craemers
First Avenue
Craemer
1St Ave
Famous Makers
Empire
S.E
Craemer's
Bayou
R. E. Wilson ‘Pratent
Esas
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