Word: new
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Dates: during 1930-1939
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...New orders in the cotton textile industry amounted to only 30% of the quantity in production...
...Steel production rose from 88.6% to 90.3%. The Great Lakes division of efficient, profitable National Steel (which has a tonnage production monopoly in Detroit) had to close one of its 16 open-hearth steel ingot furnaces for too long deferred repairs. New York's Journal of Commerce commented sagely: ". . . May be a forerunner of a general condition in the industry...
...shortage of yarn was responsible. The No. 1 U. S. rayon producer, American Viscose Corp., had a yearly fibre capacity of 25,000,000 lbs. at the end of 1938, will have 65,000,000 lbs. by spring 1940. Fortnight ago it announced that it will build a new yarn plant at Front Royal, Va. to up its capacity...
...Most steel is made about half of scrap, half of new...
...self-sufficient. Relatively mild climate makes U. S. wool fine-fibred, usable only for apparel, draperies, upholstery, etc. Yet in the apparel class alone the U. S. produces only 70% of its consumption, had to import 94,000,000 lbs. in 1937. With the chief suppliers, Australia and New Zealand (1937 aggregate, 51,000,000 lbs.), now out of the market, wool producers today can see bright days ahead...