Production Steady. TIME's Index rose to 168.2 (estimated) in the Jan. 24 week, 0.4 point above the preceding week's final figure. Carloadings recrossed the 800,000-car mark, are the biggest since early December. Steel output steadied; electric power production ebbed.
With only one week to go before stopping altogether, motormakers turned out 79,930 cars in the Jan. 24 week, 5% above the previous week.
Amid recurring oil-transport shortage scares, Oil Coordinator Ickes cut February production quotas to 4,101,800 bbl. daily, 36,600 bbl. below January.
Cement companies reported 1941 output of 164,000,000 bbl., highest since 1929 and 26% above 1940. Even this did not keep pace...