Word: hard-hitting
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...Republic Steel, which like others in the industry has been hard-hit by a drop in orders (first-quarter operating rate: 69.4%), was nevertheless able to keep per-share earnings up to $1.79 v. $2.24 last year. Said President Charles White: orders have picked up in every month since October. Armco Steel was actually able to show a rise over last year's $7.7 million...
Choked Throats. As the dusters sweep in, visibility sometimes falls to zero. During bad storms, traffic ceases, lights go on in such hard-hit towns as Garden City, Kans. or Lubbock, Texas. Farmers and townspeople seek shelter and wait while dust seeps remorselessly through every crack of window and door and drifts in the fields and streets outside...
...production and employment. It was estimated that 60,000 workers would be affected immediately, and that total U.S. auto production would be cut 10% to 15% for the rest of the year. Cadillac, which uses Hydra-Matic transmission exclusively, cut down to a five-hour day right away. Hard-hit Pontiac, which uses Hydra-Matic in 85% of its cars shut down entirely. Oldsmobile (98% Hydra-Matic) closed for two days, then opened for a four-hour-day schedule...
...orders if & when they come in. But last week one New England mill, Bachmann Uxbridge Worsted Corp. of Uxbridge, Mass, was so busy that it was working three shifts six days a week, had so many unfilled orders that employees agreed to postpone their annual vacations. To many a hard-hit New England textile man, Bachmann Uxbridge's prosperity looks like some sort of dark magic. But President Harold J. (for John) Walter, 52, explains it as just the payoff of common sense...
...workers -or one in every 1,000-from their jobs. To take care of them, the Bell commission recommended Government aid in the form of extended unemployment insurance benefits and assistance in retraining workers for other jobs. The Government, said the report, could also help any hard-hit company to diversify its production and switch to other products. Concluded the report: "If this country does not soon take measures to facilitate an increase in imports, U.S. exports will decline and American industry and agriculture will be seriously affected...