Word: wars
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Dates: during 1930-1939
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...Principal increase: aircraft, from $3,025,000 in October to $6,760,000. Other rises: meats and lard, iron & steel mill products, electrical machinery, automobiles, parts and accessories. Principal casualties: vegetables, food products, beverages, tobacco, textile fibres & manufactures, petroleum and petroleum products, chemicals. Striking was the fact that the war-waging United Kingdom, normally the best customer U. S. has, took delivery of only $31,026,000 of goods-$21,000,000 less than in October, $7,000,000 less than her average for the eight pre-war months. Deliveries on most orders placed since war had not yet begun...
Early in 1939 TIME began publication of its Index of Business Conditions. Since then U. S. business has had a long slow sag, a shorter slow recovery, a sudden stimulant from war, a spurt to new high levels, a leveling off. TIME herewith presents, in relation to these events, a review of the movements of its Index and of the three components (see chart) of which the Index is a composite...
...Board production index again moved roughly parallel during the next period in which business began to take hope of autumn improvement. But in August the two parted company for the rest of the year, for in that month the production index practically ceased rising; then the sudden impact of war sent it zooming skyward to a November peak (preliminary estimate: 125, well above its recovery high, just equaling its all-time 1929 peak...
Trade centre turnover did virtually the reverse; prewar, in mid August it climbed to a peak slightly higher than in January. Threat of war sent it skidding. Then during the "war boom" in production, it fluctuated vigorously without making headway and did not equal its prewar peak till mid November-an indication that during this period the volume of transactions in these centres just about kept pace with proportional increase in inventories...
...variety of reasons (main one: to avoid wearing out radio stars' welcome), Radio does not go in for selling phonograph records of broadcasts to the public. But one night last week, listeners to WQXR in Manhattan heard a broadcast called Then Came War: 1939 that anyone was welcome to buy, on three double-faced, twelve-inch records...