Word: automen
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...this meant that automen had to keep a sharp lookout too. Their suppliers-processors of steel, lumber, textiles, etc.-are pretty well covered on their raw material needs into the first quarter of 1941. But if pressed too hard by a booming auto industry these suppliers might suddenly decide that the twin-motored Defense and consumer boom is heading them into inventory trouble-trouble, for once, on the short side. In that case, they might all jump into the commodities markets together, attempt to stock up for capacity operations through the end of 1941. Such a forward-buying movement would...
...last October,-price cutting spread. Some steel prices dropped as much as $11 a ton or up to 20%. Characteristically, competing automen disputed Ford's claim for credit in securing the reduction. Meanwhile, large steel orders by the motormakers are probably two months off, for the auto companies have enough steel on hand to last until large scale production begins on 1940 models and want to be sure their big buying is done at the bottom, not on the way down. Aggressive National Steel Co., always up front among the price cutters, admitted that it didn't "know...
...Automen call the 500-mile Indianapolis race on Memorial Day their "laboratory," yet since the War no factory has officially entered a standard car in the race, until last week. Most of the race winners since 1920 have been made by Harry A. Miller, a mechanical genius of Los Angeles who is too smart to ride in a racing car himself. Last week's race was between the standard cars and Miller-made racers...