Word: steels
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Dates: during 1950-1959
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...building of the shrine, slowed by the Depression and World War II, was carried out without structural steel, like the ancient cathedrals; more than 350 carloads of Indiana limestone were used in its massive walls. The National Shrine is 459 ft. at its longest point and 240 at its widest, has a capacity of 6,000 people. The $250,000 organ is a memorial to deceased chaplains and members of the U.S. armed forces. The 329-ft. bell tower cost $1,000,000, raised by the Knights of Columbus. Two statues of the Virgin by Sculptor Ivan Mestrovic dominate...
...most remarkable fact about consumer buying is that nothing seems to deter it. During both the recession and the steel strike, consumers held to their buying pace, thus bolstered the economy in a key area just when it needed support. Now, though personal income has leveled off, the consumer is still stepping up his spending...
...where October sales hit $6.3 billion, up 17% over last year and nearly 10% over September. The durables got a hefty boost in October from soaring sales of Detroit's 1960 auto models, will probably level off this month because of a shortage of cars caused by the steel strike...
...want to sound like a Pollyanna," said a steelman last week, "but so far, everything is going better than we dreamed it could." With its 500,000-man labor force back on the job, the nation's steel industry was making an amazing comeback. Barely a week after the first furnaces were fired up again, the mills were up to 45.9% of capacity, and turning out 1,300,000 tons of steel. This week output should be clipping along at better than 60%, well ahead of the first estimates...
...Republic Steel Corp. hit 70% this week, some five weeks ahead of earlier predictions; U.S. Steel* is also coming fast, will have some plants up to 85% production by next week. Inland expects 80% capacity this week, while Jones & Laughlin, Wheeling Steel, Armco, Allegheny Ludlum hope to hit between 65% and 80%. Throughout the industry, steelmen are cashing in on the care they took in shutting down their furnaces and in keeping maintenance crews in the plants during the strike. Only a fraction of the expected repairs proved to be necessary...