Word: backlog
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...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...
Report that caused businessmen to nod sagely was the backlog of unfilled orders of U. S. Steel Corp. Optimists have argued that under the New Deal steel business would continue its steady upswing without the usual midsummer tendency to slacken. Estimates of capacity of steel operations have for three weeks been hinting that steel would ease oft. U. S. Steel's unfilled orders confirmed the fact: at 2,020,000 tons they were off 86,000 tons from the month before, a normal seasonal decline...
Steel is proverbially a "feast or famine" industry. Last week National Steel doubled its dividend. U. S. Steel reported a 65,241-ton rise in its backlog of unfilled orders to 1,929,815 tons. Operations for the industry as a whole jumped to 45% of capacity-highest rate in more than two years.* Cheery indeed are steelmen when their backlogs keep swelling while their furnaces grow hotter...
...substantial increases in the prices of all agricultural commodities with a further advance noticeable in the last 72 hours in steel, copper, and silver. The early adoption of this program by Congress, supplemented by the States of the nation and the subdivisions of the State, should serve as a backlog for the preservation of industrial activity and prosperity when the same has been created...
...replacement demand of nearly 3,000,000 cars a year. Counting the replacement "arrears" of the last three years, 1933 could be a 5,500,000, car year simply for the U. S. market. Of course no one expects any such bonanza. But the figure illustrates what a huge backlog of replacement is piling up-provided the A. S. of L. holds to null cars...