Word: chartes
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...steel goes, says an old economic dictum, so goes the economy. Looking at the charts last week, economists brought up on the old business axiom might have been puzzled by what they saw. Steel production, long the prime index of U.S. economic health, was down to a bare 62% of capacity, some 8% lower than the first-half average and 30% below the 1953 July level. But while steel lagged, the economy as a whole was still racing along at a near-record level. In Washington, the Federal Reserve Board announced that its overall index of industrial production, while...
Over 350. Steel's own chart can be misleading. While the industry is operating at low levels in relation to its present capacity, the capacity has grown so much that actual output is 4.4% ahead of the 1947-49 average. Steelmen last week were looking for an early pickup as automakers start on their 1955 models (see below), railroads place their winter equipment orders and shipbuilding picks up under new government stimulants...
Sayre's fever chart was normal (he was suffering from two painful slipped disks). But his sales charts showed the results of some remarkable medicine. In the first half of 1954, while most other appliance-makers were barely holding even, Norge sales of washing machines, driers, refrigerators, stoves and other major "white goods" were 50% ahead of last year. In July they were 72% higher, in August 126%. With Norge in the middle of a $6,100,000 expansion program, Sayre expects sales to hit $75 million this year, $100 million...
...Lieutenant. Nevertheless, Schine was absent from Fort Dix part or all of 43 days or nights during his first 75 days in the Army, although the average draftee was given passes on only nine of those days. This was illustrated by two charts that the Army presented. One chart used solid black squares on a calendar to show Schine's absences. The other used white squares with black borders to show normal absences by an average recruit...
Senator McCarthy looked at the charts, charged that they were phony, accused the Army of giving Schine "black marks" for the same routine events that were indicated in white or omitted on the average man's chart. When Ryan's aide, 1st Lieut. John B. Blount, who was wounded on Old Baldy in Korea, followed his chief to the stand, McCarthy asked him about the black and the white. Blount's answer rocked the hearing room with laughter. Said he: "In my opinion, the reason that it was done was just for comparative purposes, just like...