Word: steeled
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Dates: during 1930-1939
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Speaking for C.I.O. was Philip Murray, 52, calm, suave chairman of the Steel Workers Organizing Committee. He it was who negotiated the details of C.I.O.'s contract with U. S. Steel Corp. A Scot from Lanark, his opponent in those negotiations was another miner's son, Benjamin Franklin Fairless, last week named as Big Steel's next president (see p. 59). (As they started their talks, Steelman Fairless, recalling that his father, too, had been a union man, said to Laborman Murray: ". . . Call me Ben." In his soft burr, Mr. Murray replied: "Yes, Mr. Fairless...
...garb as simple as Hitler's or Stalin's, today appears in resplendent uniform with the spruce, German-trained troops of "Chiang's Own" on posters splashed widely about China (see cut). From Shanghai arrived last week the best picture yet of Chiang's grim, steel-helmeted, Prussian-disciplined regulars advancing recently at Lotien in the teeth of Japanese fire which sprawled some grotesquely as they fell (see cut). Old-style Chinese troops, such as still compose most of the country's forces, would have fled in floppy straw hats, perhaps throwing away their rifles...
...Government was worried over the state of the market and could, therefore, be considered deflationary, on the day after the announcement stocks vaulted up. General Motors opened with the sale of 5,000 shares up $2.75 to $43.63; Chrysler with 10,000 up $5.25 to $74.75; U. S. Steel with 15,000 up $4.25 to $62.63. Prices presently lagged but closed in a final sprint which left the Dow-Jones industrial averages up nearly three points for the day. By week's end the averages had climbed to 138, up some 13 points from the week...
...insiders in Wall Street brought on the present situation in an attempt to embarrass the Roosevelt administration." *Fast on its feet for once, the New York Stock Exchange month ago began a study of daily average short sales in A.T. & T., General Motors, S.O.N.J., New York Central. U. S. steel, last week announced that so far they were only 22.7% of the total...
Prime evidence of current business recession are steel operations, last week off 41 points from the year's high of 92.3% of capacity. To this statistic U. S. Steel Corp., world's largest industrial organization, bellwether of steel production and of New York stockmarket prices, last week gave the retort direct, by declaring its first dividend on common stock in five years. It announced net income for the first nine months of 1937 as $90,852,853 (after deduction of $4,500,000 for undistributed profits taxation) which amounts, after preferred stock dividends, to $8.26 for each...