Word: dumping
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Dates: during 1940-1940
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...signal for it came not from Business, but from events. Within 15 days of France's fall, the Army & Navy began to dump orders of $41,000,000 a day in industry's lap. The important fact about these orders was that they were for capital goods. For the first time in more than a decade, industry's prime mover-capital-goods expansion-agitated the indexes again. The steel rate soared from 60% of capacity (April) to 92% in September. At 11:30 p.m., on Dec. 9, steelworkers finishing the second shift also finished an era. They...
...endangering a church. One night Leighton-Morris heard that an unexploded bomb had fallen into his apartment house. He decided to investigate. "I went up the fire escape and saw the bomb on the floor, so I picked it up and went down the stairs. I was going to dump the damn thing in St. James's Park, but it was very heavy so I put it down to rest for a moment. ... I laid it down beside a church which had already been damaged: I thought it the safest place-away from dwelling houses." Here police found...
...with ready cash may have unusual opportunities during the next few years to acquire important paintings." Reason: only foreign exchange (preeminently dollars) can now get pictures out of Europe. The Germans, having sold a great deal from the public and private collections of greater Germany, are believed ready to dump looted pictures from occupied nations. Billy Rose has heard that agents are on the way with booty from the Louvre. But, added he, "I won't buy loot. I wouldn't pay $50 for the Mona Lisa under those conditions...
This week, with no Italian planes overhead, a terrific explosion shook Gibraltar: a carelessly handled grenade had touched off a dump of anti-aircraft shells, killing four soldiers. Meanwhile...
...option would then barter, sell, give away, dump or destroy those goods. If the U. S. sold Brazilian coffee in Europe, it would reduce the $300,000,000 credit by the amount sold. Theoretically such transactions should be done at a profit-and profits were mentioned at the White House-but no profits can be foreseen. Actually, the program would probably show a dead loss of $300,000,000 to $500,000,000 annually. This cost, Mr. Roosevelt was advised, would be better defense than $500,000,000 in tanks...