Word: forecasts
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Dates: during 1940-1940
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...time the Great Lakes opened for ore traffic last March, steelmen had made their forecast of the year's demand by letting the price of ore crack (the cracker: Henry Ford) for the first time in steel history. A month later, they dropped the price of steel by $4 a ton too. Their hope was to stay above their break-even point of 55% of capacity. By November they were not only at 96% of capacity, but confronted by an unfamiliar shortage in their coke and ore supplies. They even found themselves accused of not having capacity enough...
...steel but aluminum. Already harassed by an anti-trust suit that predated even Thurman Arnold, Aluminum Co. of America faced a much more important test of social responsibility in 1940. It entered 1941 with a 380,000,000-lb. market, enough to keep it at capacity. But latest forecast for 1942 is that aircraft alone would need 300,000,000 Ib. It was announced that Aluminum Co. by then would have 825,000,000 Ib. of capacity...
Fabulous was the Old Farmer's success in predicting diurnal or hebdomadal weather a year in advance. Legend has it that the publisher, pressed by a typesetter for a July 13 forecast, replied hastily: "Anything, anything." The impish employe set up "Rain, Hail and Snow." On July 13, sure enough, it rained, hailed and snowed.* A Providence, R. I. clerk kept count of the Old Farmer's forecast for 1900. It was 33% correct- 2% below the U. S. Weather Bureau's day-ahead record...
...Stephenson: Let me put in my two cents' worth again. We called up the weather bureau on Friday night and were told that the forecast for Saturday was clear, so the field was left uncovered...
...election dominated by apathy, where the people don't take the trouble to vote, and where our poll might conceivably reflect true public opinion more accurately than the election itself." But he also insists on the limitations of his polls. He steadfastly refuses to make any forecast of electoral votes. The important and proper use of his political surveys is, he insists, not to predict elections but to obtain an over-all view of popular sentiment on public issues...