Word: downes
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Dates: during 1930-1939
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> Exports, counted on since September to absorb overproduction, still got nowhere. Brightest spot was Latin America: October takings were up 14% from September, 18% from October 1938. But cash buying is a luxury for Latin America necessitated by War II's cutting down its barter trading with Europe. By...
> 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...
> In spite of the temporary coal boom which war produced, anthracite ran into one of its characteristic price wars, and bituminous coal production, down 6% from the 10,450,000-ton peak hit week ended Oct. 26, was apparently headed back down to a 9,000,000-ton weekly rate...
> Last week, the Department of Labor's all-commodity index, whose war-boom peak had been 79.5, slid to 79.1. The New York Journal of Commerce's more sensitive index (autumn peak: 82.4) was down to 80.9.
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...