Word: pulping
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Suddenly everything changed. First Finland, then the rest of Scandinavia was blocked off. The price of unbleached sulfite pulp in the U. S. jumped $6.60 a ton. Two months later, with Holland, Belgium and France gone, and Italy in, the U. S. had lost an export market (including Scandinavia) amounting to $568,000,000 in 1939. The stockmarket broke 35 points from May 1 to June 15, lay paralyzed with fear. But the U. S. swung into the greatest production boom in its history...
...When we have achieved our first objective-getting rid of the watery, taste loss pulp which is onomatopoetically called squash-we plan to start a crusade against stewed celery," Murray disclosed last night...
...Industrial Conference Board reported that 13 of the 25 industries it surveys monthly are now forced to pay overtime wages because they haven't enough workers to go around 40 hours a week. (Latest industries to start operating over 40 hours a week: electrical manufacturing, lumber & millwork, paper & pulp.) Last week too the U. S. Civil Service Commission was scouting for 600 skilled workers for the Frankford (Philadelphia) arsenal. In Ohio, 4,500 production workers will be needed for a new shell-loading plant near Cleveland; at Cincinnati, Wright Aeronautical's new engine plant will shortly be looking...
...scrap moved out of the U. S.-Asiatic limelight, many a more innocent-looking export and import commodity moved into it more & more: cotton, textiles, rubber, tin, lumber and pulp, drugs, toys, machinery, pepper, hides, wool, silk. Businessmen in these lines had reason to ponder the course of Washington-Tokyo diplomacy. For if the U. S. went to war with Japan, an enormous two-way trade across the Pacific would...
Other non-munitions exporters to Japan are lumber and pulp men on the Pacific coast. Their Japanese pulp market, especially rayon pulp, normally accounts for a healthy margin of their business. But lumber and pulp men were not losing much sleep last week. Already oversold, they figured on remaining oversold as long as Scandinavian exports are cut off. Also unruffled were coppermen. Their exports to Japan last year were $27,567,000, 15% of output; but the copper market is even tighter than the lumber market, doling out new supplies to defense-favored customers only. Another key Japanese supplier...