Word: recording
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Dates: during 1950-1959
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Worlds to Conquer. At his two big meets against the U.S.. Yamanaka warmed up by coming within .1 sec. of matching Aussie John Konrads' world record (2:02.2) for the 200 meters. A bare two hours later, he tackled the marathon distance of 1,500 meters, set a Japanese record of 17:47.5 ("I struggled along trying to overcome weariness by thinking of the food I love"). Next, thrashing home on the last lap with furious half-strokes ("They give me speed but they really wind me"), Yamanaka lopped 2.4 sec. off Konrads' mark...
...first compilations of the revised index, now near completion, show that U.S. output, which reached a record 155 in June (1947-49 average: 100), is actually ten points higher. The FRB made its revision on the basis of a detailed business census for the year 1954, which reviewed some 6,000 product lines in manufacturing alone...
...Broken Records. U.S. Steel Chairman Roger M. Blough, who has led the industry's fight against higher wages for steelworkers, reported that Big Steel's profits reached record levels of $2.64 per share in the second quarter v. $1.25 in the same quarter last year, raising half-year earnings 96% to yet another record: $4.50 per share for the half-year v. $2.29 last year. Steel sales for the quarter rose to a record $1.4 billion, hiking first-half sales $1.1 billion above last year to a record $2.5 billion...
Bethlehem Steel set new records with second-quarter profits of $1.59 v. 61/ last year, first-half profits of $2.64 v. $1.13 last year. President Arthur B. Homer reported that Bethlehem's billings of $1.4 billion for the first half also touched new highs; so did production, which was running at 97% of capacity just before the steel strike. From Republic Steel Chairman Charles M. White came another record report to round out the picture: the nation's third largest steel firm ran up quarterly earnings of $2.57 a share v. 98? last year, half-year earnings...
...high second-quarter earnings reflected "an unusually high demand artificially stimulated by our customers' fear of a steel strike." Comparing current earnings with profits in recession 1958, said Bethlehem's Homer, was comparing "apples and pears." Republic's White called his company's second-quarter record "to a major degree a result of robbing business from the third quarter." Such profits, he said, must be "the regular order of business" if the industry is to modernize and grow, compete against foreign firms and other materials at home. But the industry's argument did not stem...