Word: new
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Dates: during 1930-1939
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...Brightest spot was Latin America: October takings were up 14% from September, 18% from October 1938. But cash buying is a luxury for Latin America necessitated by War II's cutting down its barter trading with Europe. By last week most Latin American Governments had eaten into their New York bank balances, were wondering whether Washington intended to do some export pump priming...
...outbreak of War II, steel manufacturers, inadequately stocked for capacity runs, fearing that war exports would cause a famine of steel scrap, cleared out the junk yards, sent the price of scrap skyrocketing to $22.50 a ton, but capacity production yields a good deal of new scrap, and the mills have already bought sizable supplies. By last week, scrap had not become too plentiful, but mills still in the market were picking it up for as little...
...National Lumber Manufacturers Association reported that new business was 23% below lumber production (another weighty item in the production index...
...Last week, the Department of Labor's all-commodity index, whose war-boom peak had been 79.5, slid to 79.1. The New York Journal of Commerce's more sensitive index (autumn peak: 82.4) was down...
...have France and Britain begun buying bedroom suites for the Maginot Line. The something which has happened to the furniture industry is not war. The something is that 1939 began with subnormal inventories and an incipient home building boom. Last spring, with builders turning out nearly twice as many new homes as in 1938, furniture makers prepared for a rise. This fall, in spite of World War II, it blew...