--- description: Last week many an investor figured that the next production upswing will be led not by consumer-goods industries, but by the long stagnant, overcapacitied, capital-goods industries (see p. 71).... title: MANUFACTURING: Munitions Makers image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [U.S.](/section/us/) # MANUFACTURING: Munitions Makers by [TIME](/author/time/) Jun 24, 1940 4:00 AM CUT by [TIME](/author/time/) Jun 24, 1940 4:00 AM CUT Last week many an investor figured that the next production upswing will be led not by consumer-goods industries, but by the long stagnant, overcapacitied, capital-goods industries (see p. 71). Backing up this belief, the following capital-goods companies rehearsed their roles for a rearming economy: \>Pullman-Standard Car Manufacturing Co. (subsidiary of Pullman Inc.) was tooling up a division of its Butler (Pa.) plant to handle a $3,000,000 Allied order for 200,000 six-inch shell forgings (complete except for powder and cap). \>American Car & Foundry Co. worked on a $6,000,000 U. S. Government tank order, a 30,000-ton British order for shell steel. \>Pittsburgh’s Pressed Steel Car Co., with a U. S. Government educational order for 15,000 shell forgings of 75 millimetre calibre, has on order a new type of forging machine from another defense producer, Baldwin Locomotive Works. The new equipment will put shell production on an assembly line basis of 170-180 shells per hour. \>Dallas’ Murray Co., makers of cottonseed oil mill machinery, which has an educational order for 5,000 shell casings, considered ways of preparing for volume production. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/archive/6763461/manufacturing-munitions-makers/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/archive/6763461/manufacturing-munitions-makers/"},"headline":"MANUFACTURING: Munitions Makers","datePublished":"1940-06-24T04:00:00.000Z","dateModified":"2026-02-28T18:07:27.999Z","description":"Last week many an investor figured that the next production upswing will be led not by consumer-goods industries, but by the long stagnant, overcapacitied, capital-goods industries (see p. 71)....","url":"https://time.com/archive/6763461/manufacturing-munitions-makers/","keywords":[],"thumbnailUrl":"","author":[{"@type":"Person","name":"TIME","url":"https://time.com/author/time/"}],"articleSection":"U.S.","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/us/","name":"U.S."}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/archive/6763461/manufacturing-munitions-makers/","name":"MANUFACTURING: Munitions Makers"}}]}] ```