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Fuel men say there will be plenty of coal for Eastern home owners with coal furnaces if they get it in within 30-40 days. Consumers who wait until cold weather may find themselves worse off than oil furnace owners because then army ordnance shipments will be at a peak. Of 1,400,000 Eastern homes with oil furnaces, 700,000 can be converted easily to coal, but only 40,000 have been changed so far. The ration plan proposes that home owners who can convert furnaces but fail to do so shall get no extra ration...
...highs (double the year's lows); Electric Power & Light preferreds had jumped five and six points; Electric Bond & Share preferreds were up more than six points; Empire Gas & Fuel 8% preferred topped a phenomenal rise with eight more points to hit 166⅞ - an alltime peak and nearly double the year's low. Not since late 1940 have utility stocks (common or preferred) shown any mildly comparable...
Even with their old equipment the railroads will this year roll up to an impressive 50 billion passenger-miles, some 70% more than last year, an astonishing 35% greater than the previous peak in 1921 (see graph) -there will be 400,000,000 fewer passengers than in 1921 but the average passenger is now riding almost three times as far. Moreover, since Pearl Harbor 6,584,422 troops (more than three times as many as in the corresponding months of World War I) have taken train trips. If these wartime habits persist at all, long-distance de luxe coach travel...
...stepped-up scrap-collection drive (TIME, Aug. 31), steelmakers are still plagued by the scrap shortage. In August, for example, they operated at only 95% of capacity although they could have hit close to 103% if enough scrap had been available and small plants had been fully utilized. At peak output steelmakers could have made 500,000 additional ingot tons of steel last month...
Once in 1937, Liberty reached a circulation peak of 2,700,000-second in the weekly field. It now claims only 1,400,000 -down over half a million from last year and its guarantee has been reduced all the way to 1,100,000. Ever since it upped its price from a nickel to a dime in April, following the Satevepost's lead, Liberty's sales have been sharply off-its subscriptions have not had time to be affected materially, but newsstand sales have dropped almost one-third and boy sales over 60%. Advertising revenue, always slim...