Word: newe
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Dates: during 1930-1939
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...from a $642,000,000 modernization program, still has more old-fashioned equipment to replace than its smaller competitors. (Only a month ago it resurrected some old-style hand rolling mills to help handle its huge order book.) Last week word leaked out that Big Steel would install three new continuous rolling mills in its new ($60,000,000) Irvin Works at a cost of over $10,000,000, which is just a drop in the bucket alongside what Big Steel and all the Little Steel companies will have to spend if operations stay at capacity...
...Milk Wagon Drivers' Union has resisted all attempts to cut grocery store prices below home delivery prices. Reason: drivers want to keep their jobs at good wages (in New York City they average $45 to $50 weekly...
...product of the boom in U. S. air-crafting is a sensational airplane plant building boom. At Paterson (N. J.) Curtiss-Wright's Wright Aeronautical Corp., flush with $7,000,000 of new Army business, got ready last week to build 300,000 sq. ft. of new floor space. In California -at Inglewood, San Diego, Hawthorne-North American Aviation, Consolidated Aircraft, Northrop, planned new buildings. Newest centre of U. S. aircraft's effort to reach the stature of a mass instead of unit producing industry is Detroit, where 27 companies have been officially approved as parts suppliers...
Last month The Iron Age reported from Detroit that Stinson Aircraft, having just taken $1,853,451 of Army business, was planning to expand its Wayne (Mich.) plant. Continental Motors Corp., at work (with RFC and new private money) on plane engines, was erecting two buildings at Muskegon (Mich.). A few weeks ago, Pratt & Whitney gave a green light to famed Detroit Architect Albert Kahn, who had blueprints ready on a Wednesday, received bids Thursday on 1,800 tons of structural steel for a plant in Detroit...
Latest Michigan entry into the war game is Hayes Body Corp., which has had a less than mediocre record since 1929, when it lost the job of making Chrysler bodies. Having just refilled its till with about $300,000 of new private money and $450,000 of RFC money, Hayes proposes to pay back this arm of the Government by selling to another arm-the War and Navy Departments. Its new lines: aircraft parts, ordnance, armored truck bodies. To help win a place on Assistant Secretary of War Louis Johnson's clubby suppliers' list, Hayes Body went last...