Word: first
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Dates: during 1930-1939
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...bomber fuselages being loaded on freighters or falling into harbor mud. But aside from aircraft it has seen little concrete evidence of war orders. Last week (see cut) 478 Studebaker trucks on a Staten Island dock in New York Harbor readied for shipment to the Allied Armies, provided the first good view of nonplane war orders in the flesh...
...Most business and Government-guess-timators agree that in the first half, 1940 business will be down from fourth quarter 1939, but it appeared that one cushion which may pad the fall might be auto production. The fourth quarter of the calendar year is first quarter of the auto model year, a time when auto manufacturers justifiably overproduce in order to stock dealers. Overproduction of 200,000 cars would average less than five cars apiece for each of U. S.'s 41,698 dealers. Beginning of autumn, production ran at full blast. Last week it assembled 117,805 cars...
Turnover. The oftener a business can turn over its goods, the better chance it has of profit. One way to check rate of turnover is to divide the gross sales of a firm by the value of its inventory. The first component of TIME'S Index is a similar ratio of turnover. It is obtained by dividing bank debits by bank loans; the result is actually a measure of turnover of borrowed capital...
...much more weight than that for financial centres. In the chart they are shown separately.) In early 1939 the trend of turnover in trade centres followed a course roughly parallel to that of industrial production as measured by the Federal Reserve Board. Trade centre turnover fell 9% from the first of the year to the end of April and then began gradually to rise. The Federal Reserve Board index fell 11.5% from its 104 high in December to 92 in May. This was the sagging period of the spring when business had failed to measure up to expectations...
...centuries passed, the classically prim Italian operas were forgotten, but the frowsy Beggar's Opera became a classic. Last week the Beggar's Opera even made the 20th-century radio, when a company under Conductor Josef Honti gave it a first broadcast over NBC's Red network. John Gay's ribald lines had been studio-broken, but there were still some 18th-Century cracks which strained the broadcasting code ("Yes, indeed, the Sex is frail. But the first time a woman is frail, she should be somewhat nice methinks, for then or never is the time...