STATE OF BUSINESS: Breather

U.S. civilian production will be cut back no more this year, said NPA Boss Manly Fleischmann last week. But the good news was received without cheers; sales were already so slow that many businessmen were cutting back of their own accord.

One of the hardest hit was the textile industry, whose sales have been "slow to lousv" for four months. Textron, Inc., whose rayon weaving mill in Suncook, N.H. closed down for vacations at the end of June, decided to postpone reopening of the plant indefinitely; its nylon weaving plants closed down for two vacation weeks instead of the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!