Word: made
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Dates: during 1930-1939
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President Grace made some other matters equally clear. He put cost savings on continuous mill production at $6 to $8 per ton of sheet and strip, added that Steel's hard-boiled Detroit customers have now chiseled every last cent of this profit out of the steel price, admitted that the sale of the balance of 1939 auto steel going at May's cut prices (TIME, May 22) was more a pious hope than the gloomy admission it sounded like...
...same period last year. This reversal was due to a sharp drop in applications on houses already built. But applications for houses to be built ran only 15% ahead of last year against a margin of 68% enjoyed earlier in the year. To offset this, FHA this week made another reduction in the maximum interest rate-from 5% to 4½%. Reason: cutting the rate last year from 52% to 5% produced an immediate increase in building and New York City's new 4½% rate (introduced by Bowery Savings Bank) is continuing to bring homebuilders' money...
Finally he figured out that thin slicing had severed the fibers of the meat as effectively as if they had been ground into "hamburger" and the "tempering" (slow thawing) helped. Also he found that when piled one on another the slices stuck together, made thicker steaks that could be cut with a fork. Canny Butcher Dubil took out a patent on his process...
...production in quantity, National Chip Steak Co. has improved on Butcher Dubil's original process. "Chips" are made from rounds and loins, which are first cleared by butchers of bones, sinews and fat, then packed into loaves in metal containers which are quick-frozen, at 15° below zero. After 24 hours of sub-zero freezing they are tempered at 30°, then thin-sliced and packed into six-layer steaks (a super-steak can be made by stacking two such steaks) and sold in two sizes, six-inch ovals for household use, four-and-a-half-inch ovals...
Last week, Partners Goldenberg and Bibichkow made an announcement: for the 1940 model year (which begins next month) Comet Model Airplane & Supply Co., Inc. will double its 1939 output, will bundle up 10,000,000 model sets to be put together and flown by youngsters and hobby-minded oldsters. In 1938, business was good, Comet grossed "closer to $1,000,000 than $500,000," expects to pass the $1,000,000 mark...