Word: week
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Dates: during 1930-1939
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...yard); when cotton is rising, textile fabricators like to buy for future use in hope of inventory profits. Last week's cotton buying was paralleled by a rush to buy cotton grey goods: sales, 100,000,000 yards, up 80,000,000. This piling up of inventories is a gamble that retail sales will boom before production declines under inventory pressure. But there was an additional reason for textile activity: England, needing burlap for sandbags, has virtually cleaned out the Calcutta market since the outbreak of war with orders so far totaling 1,000,000,000 bags. The price...
...November exports trade of the U. S. (reported last week) totaled $287,063,000, off $30,000,000 from October. Principal increase: aircraft, from $3,025,000 in October to $6,760,000. Other rises: meats and lard, iron & steel mill products, electrical machinery, automobiles, parts and accessories. Principal casualties: vegetables, food products, beverages, tobacco, textile fibres & manufactures, petroleum and petroleum products, chemicals. Striking was the fact that the war-waging United Kingdom, normally the best customer U. S. has, took delivery of only $31,026,000 of goods-$21,000,000 less than in October, $7,000,000 less...
...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 (against 102,905 last year). But Chrysler Corp., after its 54-day strike, has still to fill accumulated orders and stock its dealers. This may help sustain auto assemblies, regardless of January-April retail auto sales-and auto assemblies count 5.4% in the Federal Reserve...
...putting over its "Death Sentence" Public Utility Holding Company Act, Associated Gas and Electric's Howard Hopson spent $1,000,000 lobbying against it. With his roly-poly body and ear-to-ear smile, he became the utility industry's "mystery man" and lone wolf. Last week Hopson was hopelessly ill with heart disease, and Associated (a $1,000,000,000 system) was in financial trouble such as never caught up with it when he was at the helm...
When Hopson became ill, Associated was controlled by a junta consisting of his old partner J. I. Mange; Hopson's three sisters (Norma Jones, Perle Hopson, Amy Starch) ; his brother-in-law, Commercial Research's famed Dr. Daniel Starch. A few weeks ago Mr. Mange went calling on Jesse Jones to see about arranging an RFC loan. Soon Associated got the idea thai Mr. Jones's price for making the loan was a finger in management. Last week, Associated acquired a new president, a veteran Washington lawyer named Roger Whiteford, who is given to lecturing...