Word: buts
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Dates: during 1930-1939
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> Steel, No. 1 U. S. industry (which weights no less than 18% on the Federal Reserve Board's Index of Production), has been running at 93.9% of capacity, well ahead of consumption, but the temperamentally optimistic Iron Age reported that orders for early 1940 production would account for only...
> At the outbreak of War II, steel manufacturers, inadequately stocked for capacity runs, fearing that war exports would cause a famine of steel scrap, cleared out the junk yards, sent the price of scrap skyrocketing to $22.50 a ton, but capacity production yields a good deal of new scrap, and...
Only once did he break his quota, in 1937 when rising prices forced him to hike it $200,000 to keep his unit production constant. Even so, he turned down at least $150,000 worth of business that year. But never has he turned down so much business as lately...
But in spite of their boom, furniture manufacturers were not cheery. They believed that retailers were stocking up faster than the public was buying. They feared that raw material prices would rise, boosting prices and nipping the industry's little boomlet. They gloomed that if World War II brings...
Forced to import some 70,000,000 hides (15% of its cattle hides, 25% of its calf, 50% of its sheep, all of its goat skins) a year, the industry has seen hide prices jump 10 to 30% since the advent of World War II. But shoe prices are only...