Word: hiked
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Dates: during 1950-1959
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Though the base price of steel has held steady since the $7.35-a-ton increase last summer, spot price boosts on tin plate, wire rods, etc. have resulted in an overall hike of about $2 a ton in the price of steel. More increases, warn critical economists, would only add to the dangers of inflation to the U.S. economy, send costs upward for dozens of industries...
Steelmen talk of a price boost to $15 more per ton-the biggest hike in history. Such talk is partly to prepare U.S. businessmen for an unpopular move, and partly to put much of the onus for the rise on the United Steelworkers, who are expected to demand a big wage increase, possibly as high as 60? an hour. Even if the Steelworkers get as much as 20? an hour, the union claims that it will cost the industry only an additional $4.00 per ton. While other costs are also climbing-iron ore is up 7.4% since July, railroad freight...
...That rise would be followed by a corresponding rise in prices, and you would be much poorer than you are today." Some 700 delegates (representing an estimated 8,000,000 Spanish workers) went back muttering to their sindicados. Last month, when Labor Minister Jose Antonio Giron announced a 20% hike in minimum basic salaries, this belated and inadequate increase was a chilling disillusionment to millions of workers...
...first three months, 1956 looked better even than record-breaking 1955. Steel led the field. Pittsburgh Steel turned in a $2,469,-624 net, 171% ahead of the same period last year, and Allegheny Ludlum earned $4,572,608, a handsome 92% better. Lukens Steel reported a 370% profit hike to $1,361,641, and President Charles Lukens Huston Jr. predicted that 1956 would bring the best sales and earnings in the company's 146-year history...
Containers were bursting with good news: a 25% profit hike to $4,420,000 at the Container Corp., a 56% net increase at National Container Corp...