Word: steelmen
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Dates: during 1950-1959
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There were other hints last week of a continuing boom for business. With the auto industry getting ready to buy steel for 1955 models, steel production is beginning to pick up, as steelmen had predicted it would, rose to 64.8% of capacity from 63.5% the week before. Jobs were becoming more plentiful, too. For the sixth consecutive week the Labor Department reported a decline in new claims for unemployment benefits. Business failures were down to 184, the year's new low; department-store sales and installment buying were...
Over 350. Steel's own chart can be misleading. While the industry is operating at low levels in relation to its present capacity, the capacity has grown so much that actual output is 4.4% ahead of the 1947-49 average. Steelmen last week were looking for an early pickup as automakers start on their 1955 models (see below), railroads place their winter equipment orders and shipbuilding picks up under new government stimulants...
...proved he had a commercial ore body, Timmins had to sell it to the steel industry. He had already formed a partnership with M. A. Hanna Co. of Cleveland and enlisted the help of Hanna's then president, George Humphrey, to promote the Ungava project in the U.S. Steelmen in the U.S. were beginning then to realize how seriously two world wars had depleted the U.S. Mesabi Range. Humphrey and Timmins managed to convince some of them that Ungava could be a new Mesabi. Six steel companies (Republic, Armco, National. Youngstown, Wheeling, Hanna) agreed to finance the project...
...pipelines, aircraft and ship equipment; a powerful new arc-torch made by the Eutectic Welding Alloys Corp. which can eat through concrete in seconds; a hydrogen analysis machine made by the National Research Corp. which for the first time can measure the amount of hydrogen in steel, thus tell steelmen how brittle their finished product...
...Steelmen, optimistic about fourth-quarter orders only a few weeks ago, were revising their estimates downward as much...