Word: excessively
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Dates: during 1950-1959
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Businessmen realize that the U.S. industrial scene has changed radically since 1950. At that time the shortages of World War II had yet to be made up, capacity was straining to keep up with civilian consumption, and there were no stockpiles. Today there is excess capacity in every basic industry, and the Government, whose stockpiles are brimming, is retiring as a customer for most strategic materials. Items...
...Copper, now being produced at 950,000 tons annually, has an excess capacity of about 350,000 tons; moreover, producers hold high inventories of refined copper. Government guarantees for 120,000 tons have a ceiling price of 28? per lb., which will probably act as a barrier to any major price rise...
...Aluminum production is being cut back because of excess capacity of 600,000 tons. Government "put" orders, which take about 200,000 tons a year from the market, are about to expire, releasing even more capacity...
...Lead production has been cut back from 350,000 tons to 270,000 tons a year. Excess stocks, exclusive of Government stockpiles, are currently 100,000 tons. Price increases will not be great because uses for lead are declining...
...Zinc production is down from 600,000 tons a year to 450,000 tons. The Government is now out of the market; excess stocks of 150,000 tons would permit a rise in demand of 25% without strain...