STATE OF BUSINESS: Bottlenecks

STATE OF BUSINESS Bottlenecks

During September's, and War's, first three weeks most U. S. businessmen tried frantically to beat Europe and the next fellow to their suppliers' order books. Last week many an industry had sold its entire production for months to come. If volume of orders and anxiety of customers for delivery were the only things that mattered, production should already have passed the 1937 peak, possibly the 1929 peak, but it had not. Production cannot be turned on and off like a light switch.

At a production rate of 40 to 60%...