Word: one
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Dates: during 1930-1939
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When Artist Hoffman dislikes one of his pictures, he paints another over it. Failures lurk behind most of his canvases. Thus hidden is the painting that first brought him fame-Rubbish, which showed a derelict sitting next to an ashcan. "When I do a bad thing," he says, "I want to be the first one to know about it and the first one to destroy it. I can paint, I know I can paint...
...With war, its price rose to 6½? - a rise of 47% which precipitated no end of buying and production for inventory. Then sales began to dry up. Fortnight ago, American Smelting and Refining Co. dropped the price ½? ($10 a ton). Trade pundits guessed that the steel industry-one of the largest consumers of nonferrous metal-would let down production even further after January, and American Metal Market headlined: "The outlook for Metal Prices none too solid...
...Most business and Government-guess-timators agree that in the first half, 1940 business will be down from fourth quarter 1939, but it appeared that one cushion which may pad the fall might be auto production. The fourth quarter of the calendar year is first quarter of the auto model year, a time when auto manufacturers justifiably overproduce in order to stock dealers. Overproduction of 200,000 cars would average less than five cars apiece for each of U. S.'s 41,698 dealers. Beginning of autumn, production ran at full blast. Last week it assembled 117,805 cars...
Turnover. The oftener a business can turn over its goods, the better chance it has of profit. One way to check rate of turnover is to divide the gross sales of a firm by the value of its inventory. The first component of TIME'S Index is a similar ratio of turnover. It is obtained by dividing bank debits by bank loans; the result is actually a measure of turnover of borrowed capital...
...went Farmer Barney Foster with a load of green peas, hand-picked and hulled. That year, 1932, the cannery shipped 60 sample cases of canned peas to U. S. grocers. This year seven regional canneries (two in Walla Walla) turned out 2,650,000 cases of canned green peas (one-sixth of U. S. canned pea production) worth some...