Ever since the disastrous period of 1920-21, merchants and manufacturers alike have endeavored to secure the highest possible profits with the smallest possible inventories. Such a policy, to be profitable, requires very rapid "turnover of stock", and just this phrase has become a fetish throughout U. S. business.
Statistics recently compiled illustrate how successfully this "quick turnover" policy is being followed in respect to the commodities most greatly in demand:
Class Producer Wholesaler Retailer Combined
Clothing ... 2.8 .... 4.5 1.7 Drugs 2.3 3.6 2.3 0.9...