Word: ups
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Dates: during 1930-1939
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> At the 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...
Up 28% over August were September orders. Better yet, for the first time in ten years October bookings equaled September's, topped 1938 by 25%, put the ten-month average 21% over last year. By month's end unfilled orders were 51% above 1938.
But in spite of their boom, furniture manufacturers were not cheery. They believed that retailers were stocking up faster than the public was buying. They feared that raw material prices would rise, boosting prices and nipping the industry's little boomlet. They gloomed that if World War II brings...
> ". . . The store that operates its own millinery department and is dependent for merchandise upon infrequent trips to the market by its own buyer . . . cannot hope to keep up with the style demands of the consumer."
Neither firm has found profit sharing unprofitable. G. E.'s nine months' net was $25,022,631 (up 42.5% over 1938). Westinghouse's earnings were up 46% over last year to $9,069,810.