Word: breakdowns
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National Steel's Chairman Ernest Tener Weir figured that his costs since the first quarter, aside from those on coal, had risen $11 per ton of steel. His breakdown: scrap $4, labor $4, fuel oil $1, miscellaneous $1, depreciation $1. Scrap prices, which have jumped over $10 in two months, are now at an alltime high average of about $40 a ton and still rising. Under such conditions, said steelmen, boosts in the prices of finished steel were not only warranted but "imperative...
...Clayton was more immediately concerned about what had already happened while his back was turned. In one industry which was so vital to other countries that a breakdown in negotiations at this point could mean the breakdown of the whole Geneva Conference, Congress had virtually declared economic war. The industry was wool, of which the British Commonwealth nations annually produce more than 1.7 billion pounds, must export more than 800 million pounds...
...with U.S. opportunities, there were plenty of places to begin. Scandinavia had not sounded any alarm yet (though Russia has tied up Sweden's economy in a five-year trade treaty). The Dutch had not collapsed yet, though they faced a double calamity-loss of Indonesian trade and breakdown of business with Germany. Belgium was a highly bankable risk...
...come from German home production. U.S. supplies fell behind by about 130,000 tons, and German supplies last week were about 200,000 tons short of their quota. The German failure was partly due to the severe winter, which had destroyed stocks and disrupted communications, but chiefly to the breakdown of the Germans' own food collection and distribution system...
Harvard's position as "trustee for the learned world" accounts for over one-third of its library costs and is twice as heavy a burden as supplying undergraduate book needs, according to a University breakdown of its annual $1,200,000 library bill...