Word: best
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Dates: during 1950-1959
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Despite all fears about lower operating rates, few steelmen had poor business to report. National Steel, Armco Steel and Bethlehem Steel all had good sales and earnings, Bethlehem with its best earnings ever (see PERSONNEL). And for U.S. Steel, Chairman Roger M. Blough noted nine-month earnings of $329 million for a 9.7% return on sales v. $243.3 million and an 8% return in 1956. All told this year, said Blough, the industry will produce 115 million tons, just under the 1956 level. Next year, though the industry may slip back to an operating rate somewhere between...
...best-kept secrets in U.S. business history burst into the open last week. After months of top-level discussion that leaked neither to Wall Street, the U.S. Government or even many of their own officers, the Pennsylvania Railroad and the New York Central-the nation's two biggest railroads-announced that they are considering a merger that would be the biggest corporate marriage ever. Said Pennsy President James M. Symes and Central President Alfred E. Perlman: "Preliminary studies and discussions indicate that substantial benefits to all concerned may result from such a merger...
...sand the floors or reshingle the roof. Other changes in the index do not reflect higher prices, but higher standards of living. The index now includes dinners out, hotel and motel rates on vacation trips, the expense of keeping more informal clothes (in addition to work clothes and Sunday best), plus outlay for sports equipment, whisky and even from time to time a lawyer to look after the family's property. It also samples prices for late-model used cars, such as many families now keep for a second car, and is giving serious thought to adding power tools...
...Labor Statistics gets little support from Congress in trying to improve it. Only this year BLS tried to resume spot checks in several cities on actual consumer expenditures to see how representative its market basket is. But Congress refused to appropriate the trifling $115,000 needed. Doing his best with the tools Congress allows him, Commissioner Clague is considering asking Congress for funds to revise the index completely. Many economists believe that such an expenditure would be justified, so that BLS can find out exactly how U.S. families spend their money, thus not confuse the cost of living with...
...class valedictorian ('99) and captained the baseball team for two years. Just before graduating as an electrical engineer, he had two job offers-one from the Boston Braves, the other from small Beth Steel. Grace calculated that a career as shortstop would end at 35 at best; so he went to Beth as a 15?-an-hour electric-crane operator, moved from one muscle-straining job to another. In 1906, Grace's drive struck the fancy of Beth's Boss Charles M. Schwab, who picked him to overhaul the company's important, but mismanaged, ore properties...