Word: backlog
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Dates: during 1930-1939
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...back-slapping businessmen who eyed each granite block with official pride. They tramped into a private dining room, sat down to a banquet at which no one made a speech. For five days they haggled over code chiselers, discussed new ideas on designs, talked about cashing in on their backlog. Gravestone sellers all, members of the Memorial Craftsmen of America, they wound up their annual convention in the hotel taproom and went home with schemes for carving out more business from the living and the dead...
...insurance schemes this one called for no contributions from workers. The money was to come entirely out of operations, was to be guaranteed by $1,000,000 out of surplus. "This is not a hard-times stopgap," said President Wrigley. "The idea is to give employes the same 'backlog' of income that stockholders have in the surplus of the company." Wrigley Co. surplus at the end of 1933 was $34,599,000; the company's net earnings last year were $7,528,000, half a million better than...
...More Backlog. Only a few U. S. corporations ever achieve the distinction of having their published statistics widely accepted as fundamental business barometers. American Telephone & Telegraph has its figures on installations. General Motors has its sales to consumers. And until last week U. S. Steel had its monthly figures on unfilled orders. Then Steel's Chairman Myron Charles Taylor announced that the NRA had put an end to this historic index. Henceforth Steel will publish figures only on tonnage actually shipped...
Steel's NRA code provides that with certain minor exceptions no orders may be booked for delivery beyond the calendar quarter and that cancellations carry a penalty. Thus users of steel have reduced their ordering to a hand-to-mouth basis. Steel's backlog used to be an index of confidence in the business future. The new figures on shipments will have the weakness of almost all indices-the past tense...
Steel began to issue its backlog figures shortly after it was founded in 1901. On Nov. 1 of that year the backlog was 2,380,000 tons. Just before the 1907 panic the figure was 8,489,000. At the start of the War it was 3,787,000 but by 1917 had climbed to an all-time peak of 11,711,000 tons. On Sept. 30 Steel's backlog hit an alltime low-1,775,000 tons...