Word: steel
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Dates: during 1960-1969
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...statistical signs and symbols of a serious inflationary spiral continue to mount. Industrial production figures for January indicate that U.S. plants are operating at near-capacity-meaning that soon they may not be able to produce enough goods to meet demand. In steel, the time lag between orders and delivery is still lengthening, and some mills are beginning to allocate output even among steady customers. According to the Commerce Department, manufacturing inventories went up sharply in December, the latest month on which figures have been compiled; this would presumably mean that businessmen are stockpiling against the threat of inflation...
...Disastrous" Spending. Most businessmen are naturally distressed about the difference between the Government's reaction to their own attempts to go beyond the price lines and union breakthroughs on the wage front. But in a St. Louis speech last weekend, U.S. Steel Chairman Roger Blough placed the blame for present inflationary pressures not on unions for their wage demands, and certainly not on corporations for seeking to raise prices. Rather, he criticized the Johnson Administration for trying to fight the Viet Nam war even while refusing to cut down in any way the spending it deems necessary for achieving...
...promise of truly gigantic cargo planes within a few years, U.S. shipping companies have finally, and belatedly, begun to battle back. The weapon on which they pin the most hope: a technique called container shipping. A seagoing adaptation of piggyback rail freight, container shipping involves packing cargo into steel, aluminum or wood containers of more or less standard size (8 ft. high, 8 ft. wide and 10, 20, 30 or 40 ft. long) at the factory, no matter how far inland. The containers are then moved by truck or train to a port city and loaded aboard a ship built...
...Japanese turned from the bayonet to the bargaining table in their quest for raw materials, but until fairly recently they have relied mostly on piecemeal purchasing. Now they are moving toward longer-range development projects. Explains Saburo Tanabe, in charge of procurement for the huge Fuji Iron & Steel Co.: "The day of spot purchases is ending. The Japanese must go out and develop untapped resources, because this means stabilized supplies over long periods of time." Among current Japanese ventures...
Ordinarily, a steering column is rigidly clamped at two points by collar-shaped steel brackets. In the G.M. design, the brackets are lined with plastic, which gives way on impact. Thus freed, the steering column collapses: one section of the column, made of steel mesh, crumples, while the gearshift tube and steering rod are telescoped, thereby shortening the column's length a total of 81 in. Presumably the auto companies will pass the added cost of the new safety features-about $15 for the column and $5 for the brakes-directly on to the customers...