Word: inlanders
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...biggest companies that had not yet announced price increases was Chicago's Inland Steel, the eighth biggest producer. With a solidly established position in its own market area, Inland could afford to go its own way; furthermore, Inland's Chairman Joseph L. Block is a member of Kennedy's Labor-Management Advisory Committee. So Inland was an obvious target for Administration phone calls. Commerce Under Secretary Edward Gudeman called his longtime friend Philip D. Block, vice chairman of Inland. Labor Secretary Goldberg called his old acquaintance Leigh B. Block, an Inland vice president. The day after Blough...
With Bewildering Speed. For Roger Blough, the news was bad, bad, very bad. Inland's decision just about wrecked any hopes he had of winning the fight. But even with the outcome all but decided, the Administration kept bludgeoning away. Defense Secretary McNamara announced that he had directed his department to give procurement preferences "where possible" to steel companies that had not raised prices. Providing a persuasive example of what that could mean, the Navy's Bureau of Ships announced that a $5,500,000 order for steel plate for Polaris submarines had just been awarded to Lukens...
...price increases, he said, the steel companies "are serving the public interest, and their actions will assist our common objectives of strengthening our country and our economy." But Ad ministration insiders let it be known that the Justice Department was not calling off the grand jury investigation - even though Inland's decision to refrain from raising prices, and the swift collapse of the U.S. Steel camp, would appear to demolish any argument that U.S. Steel wields monopolistic power to set prices...
...steel since the contract settlement has softened. In April's first week, production fell from 82.5% of capacity to 81%. And for months the steel companies have found it hard to maintain their old prices on such items as wire products, tubes and stainless steel sheets. Muttered an Inland Steel executive: "This is no kind of market in which to raise prices. We have been selling most steel products below list price as it is. Prices are negotiated...
...fuss was surprising not only because Goldberg had said the same thing, but because no one disputes the duty of management and labor to consider the national interest. At least one major executive had no quarrel with Goldberg. Said Inland Steel Chairman Joseph L. Block: "I heartily endorse Mr. Goldberg's concept. A contest of strength where the stronger side wins doesn't prove a thing. Each side has to represent its own interest, but neither side must be unmindful of the needs of the nation. Who else can point out those needs but the Government...