U.S. factory workers celebrated July 4 by turning out the largest volume of goods on any holiday in U.S. history. Thus TIME'S Index was 174.6 (estimated) in the July 4 week, unchanged from the preceding week and only a shade below the highest ever.
Steel output dipped as millmen repaired and relined overworked furnaces. Car-loadings rose for the third straight week.
Detroit boomed ahead. WPB last week reported that 432 ex-automobile factories hammered out $349,000,000 worth of war goods in April, 46% above February and about half as much as their entire 1941 munitions...
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