Word: inlanders
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...thinner year by year, far outstripped its 3.5% sales increase with a 14% rise in earnings to $171 million. To fatten sales as well, Bethlehem is pushing an invasion of the Midwest with a $500 million expansion of its Burns Harbor plant near Chicago, long a virtual fiefdom of Inland Steel...
...only the world's biggest and most intricate transportation system, but also its best. The system embraces 214,650 miles of railways, 25,260 miles of inland waterways, a mile of paved road for every square mile of its land surface and 280,696 miles of airline routes. It accounts for one-fifth of the output of goods and services, provides one job out of seven, fields 57% of the world's passenger vehicles, nearly 100,000 private and commercial aircraft and half the free world's railroad rolling stock. Still, the system is not good enough...
Steelmen faced much the same paradox as automen: pinched profits amid strong sales. Among the six major steelmakers reporting for the third quarter last week, higher earnings were registered by two-Bethlehem and Jones & Laughlin-and lower earnings by four -National, Armco, Inland and, most significantly, U.S. Steel. That giant's profits were off 14%, to $62 million, but its directors raised the quarterly dividend from 500 to 600, and they would not have done so unless they felt that the company could comfortably stick with the higher dividend. Industry analysts expect that steel production this year will reach...
...capacity, that rate was no higher than it had been at the start of the year. Lagging demand for steel, the economy's most basic ingredient, last week prompted giant U.S. Steel Corp. to announce plans to close its National Works near Pittsburgh. "Across the board," said Inland Steel Chairman Joseph Block, "the pace of new orders is not up to where we thought it would...
Chicago's Inland Steel Co. has put 233 women on its production lines for the first time since World War II, and the Jewel Tea Co. has hired women as butchers to supplement its draft-depleted supply of manpower. Pittsburgh copper fabricators have had so much of their output pre-empted by the Pentagon that they cannot meet civilian demand for plumbing equipment. Appliance manufacturers, hoping that buyers will not notice the difference, have begun to trim a few inches off their electrical cords. Shoemakers have cut back production of cowboy boots to devote full time to combat boots...