The first cut in steel for autos, television sets, stoves, etc. was made last week by the National Production Authority. Said NPAdministrator Manly Fleischmann: starting April 1, producers of durable consumer goods will have to get along with 20% less steel than they used in the first half of 1950; after July 1 the cut will be 30%.
Despite the cut, Fleischmann said that durable goods would continue to roll off U.S. production lines "in most instances at levels never attained before 1949 and 1950." Even the pace-setting auto industry will not...
To continue reading:
or
Log-In
