Word: weekes
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Dates: during 1930-1939
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...since September to absorb overproduction, still got nowhere. Brightest spot was Latin America: October takings were up 14% from September, 18% from October 1938. But cash buying is a luxury for Latin America necessitated by War II's cutting down its barter trading with Europe. By last week most Latin American Governments had eaten into their New York bank balances, were wondering whether Washington intended to do some export pump priming...
...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 the mills have already bought sizable supplies. By last week, scrap had not become too plentiful, but mills still in the market were picking it up for as little...
...spite of the temporary coal boom which war produced, anthracite ran into one of its characteristic price wars, and bituminous coal production, down 6% from the 10,450,000-ton peak hit week ended Oct. 26, was apparently headed back down to a 9,000,000-ton weekly rate...
...seeing any war business ahead, looking back on a very sour year, slipped towards another inventory crisis. (Last one: August-September 1939.) In spite of Texas' restricting crude production to only four days a week, gasoline inventories rose another 425,000 barrels to 73,696,000-approximately 4,000,000 barrels above the same week...
...Last week, the Department of Labor's all-commodity index, whose war-boom peak had been 79.5, slid to 79.1. The New York Journal of Commerce's more sensitive index (autumn peak: 82.4) was down...