Word: steel
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Dates: during 1960-1969
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DUTCHMAN. Another shocking play effectively turned into a film-this time LeRoi Jones's one-act polemic on race hate. Shirley Knight and Al Freeman Jr. enact a brief, brutal encounter on a subway train that builds danger with the insistence of steel wheels screeching around a curve...
DUTCHMAN. Another shocking play effectively turned into a film-this time it is LeRoi Jones's one-act polemic on race hate. Shirley Knight and Al Freeman Jr. enact a brutal brief encounter in the subway that builds danger with the insistence of steel wheels screeching through a curve...
...Korea's first oil refinery, built two years ago at Ulsan, is being expanded, and another $50 million refinery is going up at Yosu, providing the base for a $100 million-a-year petrochemical industry. A four-nation consortium of firms is planning a $100 million iron and steel mill on the coast. Plans are also under way for $300 million worth of power plants that will more than double the country's generating capacity...
...action was salve to the stock market. The Dow-Jones industrial average had already worried off 14 points from its Feb. 8 high of 861 for the year when the market met one of its all-too-familiar Mondays. Hit by a scatter shot of news about turndowns in steel, machine-tool and rail-equipment orders, the Dow-Jones plunged 10.69 points-its biggest drop in three months. When the Fed's easy-money move came at midweek, it helped power the market to a 4.12-point gain in a trading day so turbulent that at one point...
...fast. Bled by such acquisitions as the unprofitable New York Shipbuilding Corp., the firm's profits and dividends have been dropping; in 1966, there was a loss of $740,000 and no dividend at all. To halt the drain, Wolfson sold off a paint company, a small steel mill, the company's derrick division and a small shipyard, but the future seems so stormy that liquidation may be the only solution. Along with its losses on operations last year, Merritt-Chapman also added a $3,233,000 "special charge" to the books as a provision against losses...