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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 02, 1944
Page
9
New Year sees peak wartime output with record levels in aircraft, ships, rail, and steel. Production pressures ease as Germany may fall in 1944, but postwar economy questions loom, including inflation risks, tax shifts, and continued government finance measures.
The text outlines postwar economic challenge as contracts end and renegotiation begins. It notes government plant retention, surplus stockpiles, and demobilization pressures on manufacturers. It highlights the need to retool lines from war to civilian goods and the risk of a transitional slump without solid reserve capital.
Detroit automobile leaders expect limited civilian car production after World War II. They project a gradual return from wartime plants with six to eight years needed to meet demand, while reconversion, unemployment, and supplier shifts pose major challenges before postwar autos reach 1942 designs.
Farm cash income for 1943, including government payments, is estimated near 20 billion dollars, up from 16 billion in 1942 and 11.75 billion in 1941. Higher prices and record production boosted income across regions, with poultry, livestock, and various crops contributing. 1944 foresees further expansion if production holds and prices stay near current levels.
New York reports that American railroads carried more freight and passengers in 1943 than ever before. Freight ton miles rose to about 725 billion from 638 billion in 1942 and 333 billion in 1939, while individual and troops travel reached about 85 billion passenger miles, up from 39 billion in 1939.
The article reports that war related pay and remittances to arms producers pushed bank clearings in 24 major U S cities to about 434.63 million dollars in 1943, up from 374.997 million in 1942.
AP reports a sharp drop in construction expenses in 1944 to about 200 million from 400 million in 1943 boosting arguments that postwar housing offers the best chance to rehire war workers. The National Association of Manufacturers estimates more than 6.5 million jobs and 15 billion dollars in construction after materials are released.
New York report by Dun and Bradstreet notes only about one third as many bankruptcies were filed in 1943 as in 1942, reflecting wartime economic strain and shifting business conditions.
U S plants produced a record 89.4 million tons of steel ingots in 1943, nearly doubling 1917 output and outpacing Axis steel by about two to one. Petroleum, electricity, and other war materials hit new highs as America expands ships, tanks, aircraft, and equipment for global campaigns.
Wartime constraints push American firms to repurpose capital know how into weapons and related sectors. Rubber firms pivot to shells and gun mounts while other plants produce torpedo parts and gyrocompasses. Some studios and finance firms diversify into oil, generators, and electrical products amid postwar uncertainty.
A 1943 rationing roundup shows Americans facing meat butter and fruit limits, with kitchen shortages and black market attempts. Grocers rationed beef potatoes and even sugar and coffee, while some items returned as the year ended.
The article notes a surge in wartime weapons output with 1942 production index set at 100 and rising. It covers yearly totals of guns ammunition and bombs to support the U S war effort.
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