Word: backlogging
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Hollywood's markets, it also, in the immediate future, reduced Hollywood's competition. British, French and German studios shut down, and their backlog of product could not last more than three months. Out of the running, they would leave U. S. pictures a free hand in the rich world market. Russia makes 95% of the pictures shown in its theatres, but all other countries are steady cinema customers of the U. S. India makes only 50% of its pictures, Japan only 35%, Italy, Yugoslavia, Mexico, Sweden and the South American countries all less than 10%. Playing this probability...
...little: its plant covers twelve acres instead of two, it employs 6,800 men and it turns out between 30 and 40 ships a month, for airlines, corporations, individuals and governments (including Britain, which has ordered 250 Lockheed light bombers). As striking news as any was Lockheed's backlog of unfilled orders: $26,372,385. Fortnight ago this was upped another $4,845,000 by an Army order...
...half of 1939, what he had to say about the last half was bitter. The automobile industry, he pointed out, is covered on its steel requirements until early 1940, lesser users of strip mill products until October. Meanwhile, Bethlehem's 60.4% operating rate is supported by an order backlog-including steel orders for fourth-quarter automobiles of only $184,921,081 (compared to a backlog of $192,040,906 and production at 53.8% three months before), no good omen for fourth-quarter production...
...They will cause shipyards to step up production little if at all. Reason: shipbuilding is one industry in which large companies are already operating at virtually full capacity. Major U. S. shipyards, with a backlog of $1,062,800,000 of U. S. Navy business, are jammed up, cannot get busy on more new orders until ships now on the ways are launched...
...some $10,000,000 pf sales, Midvale paid stockholders $998,720 (of which Baldwin got $614,500), nearly 7% on Midvale assets. Midvale's 1939 present to Baldwin is sure to be much handsomer; in the first five months of 1939, its backlog boomed more than 140% over last year while the combined backlog of all other Baldwin divisions rose only half as fast. The Navy allows Midvale up to 10% profit on contracts after figuring a generous 10-20% depreciation. This assures not only good profit but is enabling Midvale to keep its capacities modern, efficient...