Word: backlogs
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WESTINGHOUSE ELECTRIC CORP. Cancellation of its $400 million backlog of war orders will free Westinghouse for a quick changeover to refrigerators, electric irons, and other appliances for civilians. Two new postwar products: a deep-freeze unit for home use, a dishwashing machine to sell for less than...
ALUMINUM COMPANY OF AMERICA. War orders will be sorely missed. Alcoa has delivered $2.2 billion of aluminum and magnesium since war began, still has a backlog of war orders totaling $200 million. But orders on hand from civilian industries amount to a mere $26 million-equal to two weeks' present aluminum production...
...favor of this plan Dr. Bush and associates offered some stern arguments: despite vast expenditures on wartime research ($720,000,000 in 1944 alone), the U.S. is on the brink of scientific bankruptcy. Reason: it has used up its backlog of basic scientific knowledge. During the war U.S. scientists, drafted almost to a man for work on new weapons, gadgets, drugs, etc., have done virtually no basic research. Moreover, the U.S., unlike every other great power, has stopped training young scientists: Dr. Bush's group estimates that the war will cost the nation 167,000 potential scientists and doctors...
...many people wanted to use the transatlantic telephone. At the London end, two weeks after the service was resumed (TIME, July 2), U.S. and Canadian soldiers piled up a backlog of 1,500 uncompleted calls. Result: in London, social calls to the U.S. were halted temporarily; in the U.S., people trying to call London were advised to try again in two weeks...
Timorous stockholders, who have borne previous Budd spending (Budd ideas have sometimes lost money at a million a clip), shuddered. But they had small reason. The company had over $19 million in working capital, and already held backlog orders for 700 railroad cars. Budd also expects to expand its truck-trailer business, plus its customary body-building orders from Ford, International Harvester, Chrysler, G.M., Nash and Studebaker. The railroad orders alone are greater than the company's entire prewar output...