Word: ingots
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...hotel reservations anywhere in the world for its customers, has outdoor "walkup windows" to serve them. New York's Manufacturers Hanover Trust Co. has started an offbeat radio and TV advertising campaign to attract more customers, is offering the fashion-conscious checkbooks whose covers come in "currency green," "ingot gold," "bond beige" or simulated cobra and leopard...
...press conference. President Kennedy was going to give the Flight Engineers' International Association, which was threatening a strike that would ground three major airlines, the same tough treatment that he had given Big Steel. But as it turned out, the difference was as between that of an ingot and an iota...
...STEEL: Production in 1962 will rise 10% to 15% above this year's anticipated 100 million ingot tons, predicted Republic Steel Corp.'s William P. Carlin...
...unfilled orders was developing. One reason seemed to be that producers were delivering promptly because they still had plenty of unused plant. Excess capacity and intense competition served also as an inflationary brake, as was demonstrated last week when Aluminum Co. of America felt obliged to cut its basic ingot prices from 26? to 24? per Ib. With so much overcapacity, manufacturers as yet felt no compulsion to expand vigorously, consequently were borrowing at a slower rate than bankers had hoped they would...
...pessimists. Inland Steel Chairman Joseph Block expects steel production to pick up by late summer, average out to more than 70% of capacity for the year. Says he: "1960 will be one of the industry's best production years, with a bare possibility of topping the 1955 record ingot output of 117 million tons." Retail sales are still above last year (see chart), and Sears Roebuck Chairman Charles Kellstadt expects his company's 1960 sales to increase 5% over 1959 sales of about $4 billion. The auto industry has a million-car inventory on its hands, only...