Word: slacks
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Dates: during 1950-1950
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...Slack. Not so calm, however, were the traders in the nation's futures markets, who saw higher prices ahead. For two straight days on Manhattan's Commodity Exchange, the price of rubber soared the permissible daily limit of 2$ a lb. Though Washington officials denied any plans to speed up buying for the Government stockpile (now only about 40% complete), commodity men did not believe them: up also went the futures prices of grains, copper, lead, tin and zinc. In five days, the Dow-Jones index of all futures prices rose 3.95 points to 150.48, highest close since...
...Korean war would cause heavier defense spending-and there seemed little doubt that it would-the big question was: How much more spending could an uncontrolled economy stand without serious inflation? There was now little overall slack in the economy. The Federal Reserve Board's index of industrial production for June was estimated to be equal to the record peacetime high. Steelmakers had been operating at better than 100% of their theoretical capacity for eleven straight weeks-and had not yet caught up with demand. Automakers and many another consumer-goods manufacturer were running months behind in their deliveries...
...immediate and sizable arms increase might start pinching present civilian production, if only to the extent of voluntary allocation of such materials as steel. On the other hand, many a businessman thought that the current production rate would have tapered off towards year's end anyway, leaving enough slack to take up any moderate increase in arms orders. Despite some possible pinches here & there, the economy was far better able to take on new loads than it had ever been. Since World War IPs end, U.S. industry had spent a thumping $80 billion on expansion, almost as much...
...million in 1940); by year's end it will have added still another 2,000,000 tons. Electric power capacity was 50% more than in 1940; aluminum production was up more than 100%. The oil industry, throttled down to 5,200,000 barrels a day, had plenty of slack; so did the textile industry...
While studying theology he continued to work in the bar, where his good will and cheerfulness made him a favorite with the deputies. When work was slack, he boned up on his theology among the bottles, disguising the books with the dust jackets of cheap novels...