Monday, May. 28, 1945
Facts, Figures
More. Army orders for cigarets have been cut by one-third, thus releasing 200 million packages of cigarets a month for civilians. In addition, the civilian supply of book matches will be increased by June --and civilians will get approximately two million books a month.
One-Way Trade. The National Association of Manufacturers, consistently opposed to tariff reductions that would allow foreign goods to enter the U.S. market, plumped for bigger exports. NAMer Frank L. Hopkinson told a Senate subcommittee on foreign trade that high-grade American salesmen "trained in smelling out a market" should be added to the diplomatic corps.
Prize Ship. The United States Lines and Britain's great Cunard White Star Ltd. both began maneuvering to obtain North German Lloyd's 50,000-ton, blue-ribbon liner Europa, found in fairly good condition. Neither wanted the Europa's sister ship, the Bremen, so badly damaged that she was considered a total loss.
Too Much. On May 1 U.S. warehouses bulged with 11,000,000 bales of cotton (an increase of 705,000 bales in a year), equal to about two years' supply of cotton. Meanwhile cotton consumption by U.S. mills continued to slide from its peak. (The mills used 769,678 bales during April v. 857,693 bales a year ago.) Yet by the peculiar nonsense called parity, prices for raw cotton climbed to 23-c- a pound--a new high for the last 15 years.
Too Little. The supply of woolens and worsteds in this year's third quarter may not be large enough to keep everybody warm. Last week the War Production Board slashed Army requests 26%, slashed Office of Civilian Requirements requests 65%. At this rate, civilians will get approximately one-quarter of their normal supply.
Peak. U.S. manufacturers set a new record when they delivered $14.2 billion of products during March--up 5% from March a year ago. Largest gains were in shipments -of foodstuffs, chemicals and petroleum.
Miffed. U.S. plane manufacturers were hopping mad at a report that Britain was frowning on a sale of five Douglas DC-25 to the Misr (Egyptian) Airlines. Airmen heard that Britain's Minister for Civil Aviation, the Rt. Hon. Viscount Swinton, had warned the Egyptians that their blocked sterling account in London could not be tapped for U.S. airplanes.
More Power. Rural Electrification Administration will build $100 million of new power lines as soon as materials are available.
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