Word: glutting
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...Federal Reserve Board, with its Regulation X, had sought to trim 1951's new housing starts to 800,000, but builders cried that they might well fall below 700,000, and predicted imminent unemployment in the building trades. Even steelmen caught the contagion, began worrying about a possible glut of steel. Said U.S. Steel's President Benjamin F. Fairless: "That period may be nearer than most people think...
...State House has finally come out with a sensible approach to this year's glut of bills to curb Communism. The Joint Committee on Rules recently urged the Legislature to defer all this legislation for a year of study. If the House does not push through the Ober Law Bill as the substitute for the Rules Committee's suggestion--the loyalty oath bills, the teacher control bills, and the bill to outlaw Communism will probably die a quite death...
...year ago, neither Dean Ajax nor any other engineering dean was being harassed that way. Engineers were momentarily a glut on the market. But now, M.I.T. found that every one of its prospective February graduates had at least one job lined up. CalTech had 404 requests in two weeks. Illinois Tech blinked to find that it was getting recruiting visits from top company executives. Some of them were offering $125 a week...
President Lee DuBridge of CalTech expects the shortage to get worse. One reason: last year's talk of a glut discouraged many would-be engineers from enrolling. "We miss those boys," says President DuBridge, "and we'll miss them much more as rearmament industries start crying for even more & more engineers...
...industry's biggest growth came from the sensational success of frozen orange juice, which also bailed out many a floundering Florida citrus grower. Four years ago, Florida had such a glut of oranges that prices tumbled to as little as 65? a box. In 1949-50, as frozen-food packers put up 21 million gallons of concentrated orange juice, the demand for oranges outran supply and prices rose...