Word: excessive
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Dates: during 1940-1949
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...they seemed the best in years, assuring Russia of at least as much food as last year. Beamed the Moscow News: "The Soviet countryside succeeded not only in coping with the increased state plan for grain, vegetables and industrial crops, but also in topping it on a scale in excess of the most optimistic expectations...
Some metal supplies are in good shape-at least so far as essential needs are concerned. Lead and antimony, on WPB's requirements list, both show a slight excess of supply. Though manganese is now taking some of the load off nickel, the supply situation looks good enough-so that imports have recently been curtailed, at least temporarily. Chromium is one metal about which U.S. stockpilers were so forehanded that-combined with new domestic production (see below)-all appears to be well...
...Most steel mills are stuck in the high excess-profits tax brackets, and profits plopped accordingly. First sizable steelmaker to report was Wheeling Steel, which estimated net at only $750,000 v. $2,700,000 last year. Continental's profits were down 28% to $234,000. Wall Street dopesters expect giant U.S. Steel to report only $6,500,000, barely enough to cover preferred dividends and far below last year...
...Railroads are the big exception to the profits drop. Long the most overtaxed U.S. business, railroaders are now protected from the excess-profits levies by the very rail & ballast that has kept their profits down for years. Atchison, Topeka & Santa Fe-longest U.S. railroad-earned $16,775,000 in the five months ended last May, more than three times a year ago; Atlantic Coast Line netted $8,938,000 in the same five months, almost double 1941; Union Pacific boosted profits from...
...problem of war finance in a nut shell is to mop up the excess income over and above the income used to buy consumers' goods. For example, in 1941 there was a gross product of 110 billion dollars, out of which 75 billion dollars were spent for consumers goods. The resulting 45 billion dollar excess was taken care of through taxes and savings. For the fiscal year of 1942 the excess has been estimated to be 80 billion dollars...