Word: shutdown
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Dates: during 1940-1949
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Panamanians hurrying to early Mass learned with some surprise what had happened overnight. No one had been hurt; only two men were still jailed. The only real inconvenience had been the nightlong shutdown of telephones...
...Wall Street, baffled brokers did not know what to make of things. Despite the strikes in steel, coal and aluminum, which had thrown at least 1,000,000 out of work and caused the worst postwar shutdown, the stock market kept right on going up. Last week, in some of the busiest trading of the year, the Dow-Jones industrial average rose 1.59 points to 186.78, a new high for the year...
...great steel mills lay cool and dead and some 500,000 steelworkers hit the streets. Another 500,000 would be called out of steel-fabricating plants the minute Philip Murray thought the right strategic moment had come. In a slower, creeping fashion-if the shutdown lengthened-unemployment would spread to railroads, auto plants, thousands of steel-dependent factories. In the wink of an eye last week, the nation's economic backbone was paralyzed by the first industry-wide steel strike since the walkout...
...refused to yield an inch. During that time, MoPac had lost more than $12 million in revenue. Most of its customers were being taken care of by trucks, buses and competing rail lines. But in Arkansas, 55 factories employing almost 3,500 persons were closed because of the MoPac shutdown; farmers in the Kansas City area reported heavy losses because of lack of transportation for their livestock. Confronted with the certainty of such distress, the MoPac strikers had refused to work through the National Railroad Adjustment Board, which is established by law for the settlement of just such matters...
...Willow Run last week, Kaiser-Frazer Corp. laid off 5,000 workers and stopped production for six days for "inventory adjustment." While the shutdown gave K-F dealers, whose sales had been lagging, a chance to cut down the supply of cars' on hand, it also gave Wall Streeters a scare. K-F stock, which had tumbled from 15 5/8 to 3 3/8 in 21 months, dropped another s of a point to a 1949 closing...