Word: backlogs
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...Democrat Fuller Warren's successful campaign in 1948 for governor. Manhattan's Merritt-Chapman & Scott, of which Wolfson is board chairman, now has a $3,588,959 contract building the bridge substructure for Jacksonville's new $50 million expressway. The firm, whose total backlog is $89 million, has many big projects outside Florida, including part of California's $30 million Folsom...
Sachs had already gone far toward putting the once rich company back on its feet. By unloading old watch inventories at half price, he had raised $3,000,000, trimmed a $4,000,000 RFC debt to $1,500,000. He also landed a backlog of $3,500,000 in defense orders (aircraft tachometers, compasses, etc.). With Waltham selling on the New York Curb at 2⅜ last week, Sachs already had a paper profit of some $850,000 on his $100,000 gamble in Waltham...
...Troubles. At Martin, Wonder Boy Bunker will have to perform wonders. Last year, though the company had a backlog of $400 million, it lost an estimated $22 million. Part of Martin's troubles stern from its helter-skelter expansion after Korea. Its work force mushroomed from 7,500 to 23,000; the average length of employment among its workers dropped from twelve years to six months. Turnover jumped from 12% to 70%, and absenteeism soared...
...earnings to open 92 new Sears stores in the U.S. and Latin America, and enlarged and shifted the locations of 212 more. If the recession had come, Sears would have been in deep trouble. But Wood's faith in the expanding American economy-aided by the backlog of demand for goods built up during World War II-was more than justified. Last year Sears sold $2,777,277,096 worth of goods, more than twice as much as its closest rival, Montgomery Ward. Its estimated net profit was $113 million. Sears is now the sixth biggest corporation, in dollar...
Requiring every eighteen-year-old to serve on active duty for two years would satisfy most of the Pentagon's needs for a backlog of fully-trained soldiers. UMS would also allow young men the certainty now made impossible by Selective Service. Because they would know exactly when they would have to serve, only a global emergency could disrupt their plans. As for Congressmen, they cannot expect to improve their political position by sponsoring a UMS program, but at least they would be accomplishing something useful...