Word: backlogs
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...great glee at having cracked the network front, ASCAP gave out that other networks could expect no better terms than Mutual's. B.M.I., the big chains' music mill, announced 33⅓% price reductions. Enthusiastic was ASCAP about the backlog of new red-white-blue tunes its composers have cooked up since January and will now spring on the patriotic radio public...
Because of the foresight of its management, the bindery obtained before the war $10,500 worth of supplies, which is now in stock in the Memorial Drive building. Because of this extensive backlog, the Bindery will be practically self-sufficient for the next two years...
...general boosts in excise taxes as much as to a general sales tax, they recommended whopping "selective" sales taxes on such commodities as automobiles (up to 20%), refrigerators, washing machines, which compete with defense industries for materials and workmen and machine tools. This would tend to build up a backlog of consumer needs for the years after the war. Meantime they proposed to let the lower-income group-its wages raised by the defense boom-have its fill of food and other goods which do not compete with defense products...
...gave them steel priorities, they could turn out another 40-45,000, or a total of 82-87,000 in the next year. Difficulties: 1) this would take steel away from other industries which need it; 2) Budd was talking about 100,000 cars over & above the present backlog...
Simultaneously FORTUNE gives a hand to the infant prodigy in which many of the war-wise lost faith last summer. It tells how the fastest expanding industry of all time increased its backlog to $3,200,000,000 in 1940 (see cut), up 3,900% in four years, and will have brought its personnel, 30,500 in 1938, up to 550,000 by Aug. 1- greater than last year's average in the steel or automobile industries. And if Detroit's assembly-line methods are barred to them, planemakers have a trick or two of their...