Word: coaling
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Dates: during 1940-1949
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...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...
Where did that leave the crisis? The Western powers could go on supplying Berlin for months. Some experts in Washington now believed that the volume transported could be greatly increased and that Berlin could even be supplied with coal through the winter. The operation would be fantastically expensive, but worth it, politically. The Berlin lift was a kind of 20th Century miracle play representing both the West's humanitarian purpose and its military strength. Said a high-ranking U.S. air officer last week: "A year's supply of Berlin would be cheap compared...
...steel prices would have to go up also. Bethlehem Steel Corp.'s Eugene Grace and most of the industry followed Big Steel's lead on wages, and began figuring price increases, too. In addition to the wage increase, the new prices would also have to cover higher coal prices (which added up to $1.25 a ton to the cost of finished steel) and a freight rate increase which hit in May, just before the industry cut prices (TIME, May 10). The weekly Iron Age estimated that steel would go up as much as $10 a ton-a whopping...
Isabel and the Sea will make even a coal miner imagine himself "running free under number-two jib, staysail, mainsail, and mizzen . . . setting course for the volcanic island of Stromboli." In addition to nautical charm, it is loaded to the gunwales with deft and lively pictures of European life and manners-pictures which unroll as on sensitive film as Truant weaves her way across a continent...
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...