Word: steele
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Dates: during 1950-1959
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...November reached 65,640,000, a record for the month, despite a decline of 1,191,000 in the number of jobs from October and a rise in unemployment to 3,670,000. Most of the unemployment rise was due to layoffs in industries depending on steel; the decline in jobs, bigger than the rise in unemployment, indicated that many workers retired from the labor force. ¶Automakers scheduled production at 90% of the output at the same time last year. All told, the industry should produce 142,000 new cars this week v. 86,000 last week...
...Steelmakers plan to operate at about 95% of capacity this week, and output should top the industry's alltime record reached last April. Imports of steel also eased slightly in October, but stayed at a high level of 362,000 tons for the month. ¶ Freight carloadings rose 75,513 cars above the previous week, outpacing the same week in both...
...Steel. Joseph L. Block, chairman of Inland Steel, predicted that, barring a new strike, the nation's mills will pour 70 million ingot tons in the first half, 130 million during the whole year, up from 92 million in 1959 and above the alltime high of 117 million...
...will be sold in 1960, including half a million imports, said W. C. Newberg, executive vice president of Chrysler Corp. No one is now thinking of a range much below 7,000,000 units. Reason for rising optimism: the large number of sales deferred by this fall's steel shortage, plus "the excitement over the new economy cars that has helped to stimulate sales in all other price classes...
...Logan Truax Johnston, 60, was elected president and chief executive officer of Armco Steel Corp., succeeding Ralph Larrabee Gray, 65, who will become chairman. Pittsburgh-born Logan Johnston started in the steel industry in 1925 as a salesman for Columbia Steel Co. of Butler, Pa., joined Armco in 1927 when Columbia was merged with it, has made a career selling steel. He was named Armco's general manager of sales in 1947, a vice president in 1952 and executive vice president in 1958. As president, Johnston is expected to press product variety, which has made Armco fourth...