Word: boosted
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Dates: during 1940-1949
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...expected the steel industry raised prices on its major products last week. U.S. Steel Corp. set the pace with an average boost of $9.34 a ton, and most other steelmakers followed with about the same amount. The increases will add an estimated $575 million a year to the U.S. steel bill, and send up the prices of durable goods all along the line. First to speak up were appliance makers, who predicted substantial price hikes for ranges, refrigerators, washing machines, etc., within four weeks. Yet many an industry, notably the automakers, had hardly finished raising prices to meet the third...
...Stylemaster Chevrolet business coupé; up $119 to $1,685 on a Buick Special 4-door sedan). And Chrysler Corp.'s K. T. Keller said that other carmakers would have to start figuring new retail price increases as a result of the steel boost. Said Keller: "When our costs go up, prices have to follow." Automobile men guessed that the price rises would average over...
...enameled steel, Lustron Corp.'s Carl Strandlund has found a willing helper in the Government. The Reconstruction Finance Corp. lent him $15.5 million, got him a Columbus (Ohio) surplus plant (TIME, Feb. 10, 1947), pushed his priority claims to steel. Last week RFC again gave Lustron another big boost. Although Lustron has turned out only seven model houses in a year, RFC lent it another $10 million...
...steel industry caved in last week under the pressure of labor's demand for third-round wage increases. To the 35,000 miners in the steelmakers' "captive" coal pits went the same $1-a-day boost John L. Lewis had wangled from other coal operators. Then U.S. Steel Corp., which had held out for more than two months against the wage-price spiral (TIME, May 3), gave Phil Murray what he wanted for his steelmakers: an average 13?-an-hour increase. Other steel companies followed U.S. Steel's lead, were expected to follow it also with price...
Consumer Endurance. It was a tough week all around for consumers. To pay for the new wage gains of John L. Lewis & Co., soft coal mines boosted their prices 4? to 50? a ton (retail equivalent: up to $1.25 a ton). Though hard coal producers had raised prices only a month ago to cover higher wages, one of the biggest of them, Lehigh Navigation Coal Co., Inc., raised the ante again, by as much as $1.10 a ton. A few hours after the rail-wage fight was settled (see NATIONAL AFFAIRS), the Interstate Commerce Commission gave 61 Eastern railroads permission...