Old Refrain

An almost forgotten phrase sounded loudly again last week. It was "seasonal decline." In Akron the Goodyear Tire & Rubber Co. cut production 30%, and other tire companies followed suit. It was the "normal" winter slump which, before the war, was common to the industry. But it was the first time it had happened since the war. Said Goodyear: ". . . The big postwar demand has been filled."

Radio and electrical appliance companies were also shocked by seasonal short circuits. In Philadelphia, Philco Corp. laid off workers in its radio division, and Proctor Electric Co., which makes 22% of...

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