Word: exporting
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Dates: during 1930-1939
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...planned to exhibit at the show. The company has orders enough to keep running 20 hours a day for four months. National Acme Co. in Cleveland, sold eight of its machines built for the show, was running 24 hours a day (60% of its backlog is for export). A manufacturer of presses sold 32 of them (at $400 to $3,000 apiece) between 8 o'clock one morning and 3 o'clock that afternoon. Lathes of the type used in arsenals could not be had at any price. Prices jumped 12½% on tools that could still...
...second week saw the scramble spread to capital goods. Yet most materials manufacturers, who will have to buy billions of dollars of new machinery if sustained war business materializes, were still wary about tying cash up in fixed plant except where old machinery would not do. Nor was the export boom, that has been expected ever since the armament race began five years ago, any more evident than in the past. As Cartoonist Herb Block allegorized (see cut), a war boom is not the best foundation for prosperity...
...other threat was peace. If peace comes unexpectedly, before enormous export orders bail out those who last week speculated on that huge business, U. S. industry might face a 1921-type collapse. The Securities and Exchange Commission kept a weather eye out for a peace scare that might shake the public out of the market, precipitate a crash severe enough to compel it to close markets; or the New York Stock Exchange to fix maximum daily price changes...
When President Roosevelt last week invoked the provisions of the Neutrality Act (see p. 9), U. S. aircraft makers were unable to export any more fighting planes. They still had nearly half of recent $160,000,000 British and French orders to deliver but they did not worry. They had stipulated in their contracts that in just this event they should be paid when the planes were delivered to Allied agents within the U. S. The Allies have to take the chance that the Neutrality Act will be modified so that they can use their property...
...when the Neutrality Act stopped the export of airplanes it did not stop the export of several other necessities of war-necessities that are life savers instead of life takers. Among them are: Pharmaceuticals (big makers: Parke, Davis & Co., Abbott Laboratories), surgical dressings (big makers: Johnson & Johnson, the Kendall Co.), gas masks (big maker: Mine Safety Appliances Co.),parachutes (world's biggest maker: Irving Air Chute...