Word: output
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Dates: during 1960-1960
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...third year in a row, Red China's agricultural output had fallen disastrously behind target. And with 15 million more mouths to feed, Red China would be hard put to hold off hunger this winter...
...continued slide in steel production -down to 48.7% of capacity from 49% the previous week-last week brought an overdue change in the way the industry will announce its output. The steelmakers, who have been worried that the rate of capacity figure is not only discouraging these days but does not give an accurate picture of the industry (TIME, Nov. 14), decided to drop it. Many steelmen feel that the capacity comparison has made steel production look worse than it actually is, since the most profitable rate of production is around 80% of capacity instead of 100%. Much...
After Jan. 1, the American Iron and Steel Institute will issue only the actual tonnage output. The institute tried doing this several years ago, but outside experts went right on making their own computations by simply comparing the actual tonnage with capacity, thus forced the institute to start releasing the capacity figure again. Now the institute has a solution for that problem. Normally, in January, it publishes the increase in capacity during the past year, a computation that is made only once a year. Next month the institute will not release a new capacity figure, thus hopes that outsiders will...
Reading his newspaper one morning recently, Lawrence A. Harvey, 48, chairman of the West Coast's Harvey Aluminum Inc. noticed a story that a competitor was about to make a big sale of aluminum to a new customer. With only 2% of U.S. aluminum output, Lawrence Harvey has to scramble fast to compete against the giants. He grabbed his telephone, learned the contract had indeed been agreed upon, but was not yet signed. He summoned a family conference in the company's executive suite: Father Leo M. Harvey, 75, company president; Uncle Herbert Harvey, 65, engineering vice president...
...Government, which wanted to increase aluminum capacity outside the Big Three, guaranteed a $40 million bank loan to Harvey. To assure Harvey a market, the Government also agreed to buy up to 54,000 tons a year for five years, beginning in 1959, of Harvey's primary aluminum output for U.S. strategic stockpiles. Since the reduction plant's capacity is only 60,000 tons a year, this was a healthy demand-cushion for Harvey. In 1959 the company asked the U.S. to buy only 19,500 tons, this year will offer only 12,000 tons...