Word: steeled
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Dates: during 1930-1939
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Primed with these ideas, reporters gave the President a brisk quizzing. What did he think of Government guarantee of re-organization bonds? Franklin Roosevelt replied that he could see no more justification for guaranteeing railroad reorganization bonds than for those of a cotton mill, steel company or automobile factory. A reporter suggested that it might be done to protect insurance companies and others with large railroad holdings. There has been a lot of loose talk about that, snapped the President, when, as a matter of fact, banks and insurance companies generally make a practice of writing down their portfolios along...
...index of industrial activity is better than steel production. Last week the following facts showed how stalled is U. S. steel, how inactive is U. S. industry: C. Steel scrap sold at $12.83 a ton on The Iron Age composite scale-lowest in two years. Price year ago: $21.92. Since new steel is nearly 50% melted scrap, any rise in steel production is usually presaged by a rise in scrap prices...
...Steel operations fell three points to 32.5% of capacity. Year...
...Carnegie-Illinois Steel Corp. shut down its Pencoyd Iron Works in Philadelphia where 1,000 men were employed when Carnegie acquired it a year ago. Pencoyd is the home works of Percival Roberts Jr., turn-of-the-century steelmaster (now retired) whom Judge Gary, famed first Chairman of U. S. Steel Corp., once called "the greatest practical steel man in the world...
...Berlin it was announced that in January for the first time in history German steel production passed that of the U. S. German: 1,812,000 tons. U. S.: 1,760,000 tons...