Word: unsold
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...billion. And even that small advance represented merely a rise in prices. Meanwhile, wholesalers' and retailers' stocks on hand in February -the latest month for which figures were complete - rose to $136.6 billion. Not since February 1961, which was the worst month of the last recession, had unsold inventories been that high...
...economy's more reliable indicators of future trouble is the mercurial behavior of business inventories-unsold goods on industrial, wholesale and retail shelves. Before every postwar recession-in 1948, 1953, 1957 and 1960-inventories have soared like Icarus only to plunge as businessmen liquidated their stocks. Right now, some familiar warning signals are flying...
...Commerce Department reported that inventories swelled at the precarious rate of $16.4 billion a year during the final quarter of 1966, thus breaking a record set during the Korean War. The resulting $135 billion inventory stockpile already is forcing manufacturers to cut production to avoid a glut of unsold autos, appliances and television sets...
More for a Revisionist. Under the Stalinist system of centralized planning, newspapers were arbitrarily allocated newsprint and assigned press runs. Often the runs far exceeded the sales, but no matter: the State Committee on Publishing merely split the cost of unsold copies between distributors and the publishers. For the past two years, however, the government has been trying to make selected industries operate on a supply-and-demand basis. Applying this principle to the newspaper business, the government ordered that press runs be more closely matched to actual sales -hence the sudden circulation drop...
...unrelieved warmth and sun, and by new production from south ern-Florida groves, the current crop will surpass last season's 100 million boxes (100 lbs. each) by 42 million. When the nine-month harvest ends in June, nearly 10 million boxes may be left to rot unsold. Oranges "on the tree" cost 75? a box to grow and last year brought a handsome $1.25. They are now going at a distress price of 35? a box, leaving growers with the prospect of a $50 million loss on the crop...