Production Up: TIME'S
Index rose to 160.0 (estimated) in the Oct. 11 week, highest since mid-September and 1.6 points above the preceding week's final figure. Main reason for the rise: unusually warm weather which boosted power output to a record 3,290,000,000 kwh., 17.8% above 1940.
Hampered by shortages, priorities, Government red tape and labor troubles, U.S. business is marking time. For twelve weeks TIME'S Index has held within a 4½-point range. Car-loadings are still about 80,000 cars below the 1,000,000-car peak predicted for October. Auto production, some 30,000 units under 1940, is not even keeping pace with the quotas imposed by OPM. Even...