Word: steel
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Dates: during 1960-1969
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RAYMOND LEWENTHAL (RCA Victor), who has the steel wrists and flying fingers for the job, is largely responsible for a revival of interest in the piano works of Charles-Valentin Alkan...
Died. Amelie Thyssen, 87, widow of German Steel Tycoon Fritz Thyssen and heiress, along with her daughter, Countess Anita de Zichy-Thyssen of Buenos Aires, to his giant Ruhr Valley coal and steel complex, which was confiscated by the Nazis when the Thyssens fled the Third Reich in 1939 and now worth an estimated $1 billion; of complications following a fall; near Straubing, Germany...
...endanger it. Lately the direction of prices and wages has become a cause for quiet concern in Washington. Last week Lyndon Johnson brought that concern into the open by attacking as "disastrous" a pending bill to give all federal workers a 4½% pay raise and demanding restraint from steel management and workers in their crucial bargaining (see THE NATION). Said the President: "There must be continued cost and price stability in our economy...
...industrial level, the pressure of price rises is, if anything, even greater. There have been recent price increases for copper, brass, tin, 20% of all steel products, and such basic industrial chemicals as sulphuric acid and alum. A 5% price hike by a major maker of machine tools is expected to be followed by others. Textiles are more expensive than a few months ago, and so are electric tape and heating oil. Last week three more producers increased the price of containers-historically a leading indicator of general price movements...
...automatic boosts of 1? to 3? an hour because of the increase in consumer prices during the last three months. The Administration's 3.2% wage guideline, already shattered in autos and aluminum, is under the added strain of a growing shortage of skilled labor. Shipbuilders, aircraft and steel companies and machine shops are short of engineers, pipe fitters, welders, mechanics and metal workers; auto companies are lending their tool and die operators to machine toolmakers to help them fill Detroit's orders...