Word: week
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Dates: during 1940-1940
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...Francisco Gastrointestinal Specialist Dr. Felix Cunha charted the incidence of stomach ailments against the Dow-Jones average. Result: a rough X, showing that when business goes down, businessmen's stomach troubles go up. Said Business Week: "Logical as that thesis is, though, we'd like to work on the reverse of it-that when businessmen get stomach trouble, business recedes...
...ocean Navy, shipyards launched a naval vessel every twelve days; few were the Washington glamor girls who had not smashed a bottle on a prow. The Maritime Commission at year's end had 932,000 gross tons of merchant shipping under construction, was launching a vessel a week (last week's: the 17,500-ton Rio Parana, for New York-South America service). The venerable Cramp yards in Philadelphia reopened with a $106,380,000 Navy order; eight Navy, 23 private yards worked at top speed. Last week, for dessert, the British attempted to offset their shipping losses...
From the first, the railroads insisted they could handle any traffic load the defense boom might produce. When Burlington's Ralph Budd joined the Defense Advisory Commission, he did not seem worried either. In July, when traffic had risen to over 700,000 carloadings a week. Commissioner Budd urged the roads to fix up their bad-order cars, keep them below 6%. The Administration wanted him to force orders for 100,000 new cars at once, 500,000 by 1942. Mr. Budd preferred not to interfere with rail managements...
When Detroit's production lines, as though fleeing conscription, raced down the last quarter at 120,000 units a week, pessimists anticipated an inventory accumulation. Yet sales were too fast for dealers to keep more than one month's stock on the floors. Meantime the factories, still dodging priorities, managed to get in some advanced retooling (more facelifting) for the 19425. Having led every U. S. boom since 1921, Detroit could not be counted out of 1940-5. And it managed to keep its arms work (G. M. contracts alone totaled $400,000,000) as a sideline...
Stock traders divide their December attention between the year-end dividend crop and their March 15 income-tax returns. Last week sales for tax purposes weighed heavily on the New York Stock Exchange, helped depress it still further...