Word: output
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Dates: during 1940-1949
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Steelmen were not sure how long they could keep up their overcapacity production; the normal summer letdown was sure to cut output somewhat. But they thought that, barring a long coal strike, all industries would be able to get all the steel they wanted within six months...
...output of British industries was up 12% over 1947, although the number of workers had increased only 2%. This meant that the individual British worker worked harder and more efficiently. The most striking success was achieved by Britain's steel industry, still free-enterprising, which produced nearly 15 million ingot tons, substantially bettering the target set by government planners the year before. This was more steel than Britain had ever produced in any one year...
Actually, the price cuts far outnumbered the few increases; the overall wholesale price index was dropping. And there were prospects of more price cuts ahead, if manufacturers wanted to keep their enormous output from piling up. In January, the Department of Commerce reported, manufacturers' sales had taken more than seasonal drops, and inventories had jumped by $400 million, about twice the seasonal increase. Unemployment was still on the rise. The Bureau of the Census reported an estimated total of 3,200,000 jobless in February, highest since 1942. But the rate of increase had slowed up. New claims...
Optimism & Pessimism. Production had hardly slipped at all. The FRB index was at 191 for January (1935-39 average: 100), down only four points from the postwar peak last fall. Construction in February was 14% ahead of 1948. The steel industry scheduled its eighth straight week of overcapacity output, and the auto industry was heading for the best monthly production since...
...perhaps quibbling to pick at "Tragic Hunt" in the face of our Hollywood output: it is only the recent Italian standard of excellence that justifies this. At any rate, it shouldn't be missed by the connoisseur...