Word: steels
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Dates: during 1950-1959
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...tugging along a 4½-ton truck. Top challenger Willi Lehner, 36, a 230-lb. stonemason from Unterpeissen-berg, was fond of hanging suspended by his finger from the claw of a derrick. Dressed in their holiday leather knickers and green felt hats, the wrestlers wound their legs around steel stools (wooden chairs would snap like toothpicks), and at the umpire's command "Auf!" tried to pull their opponent's hand across a line drawn a foot from the center of the oak table. During minute-long deadlocks, noses began to bleed from the strain...
...readers are exacting. From sobering experience, the Times's Executive Editor Thomas C. Harris, 51, has learned that the green benches lining Central Avenue are crowded with retired authorities from every imaginable-field, all vigilant to catch the Times in error. Running a filler item on annual steel production in the U.S., the Times misquoted a single digit; five readers called in triumphantly with the correction. When an ad erroneously quoted a can of tuna at 7? instead of 17?, penny-watching pensioners bought 6,960 cans in six hours; the store billed the Times $696 for the mistake...
...cumulative effect of the longest nationwide steel strike in history (see NATIONAL AFFAIRS) cut deep into U.S. industry. With stockpiles reduced sharply, dozens of industries are slowing down and beginning to lay off. Auto, appliance, farm-equipment, machinery makers are all tightening their belts, and they face still more trouble before the economy is rolling at full speed again. The mills will need four to six weeks to get back to 90% of capacity, at least three months to fill the empty pipelines...
Detroit's automakers, who consume 15% to 20% of the nation's steel, are worst off, face heavy layoffs in the next few weeks. General Motors has already laid off 60,000 of its 330,000 production workers, will lay off another 60,000 this week. Chevrolet's Framingham, Mass, plant is closed; all but three of Chevy's other twelve assembly plants go down this week. Some of Chrysler's plants are on a four-day basis, and the companies may have to close some parts and components plants altogether this month because...
Missiles & Rails. The booming construction industry and the railroads are little better off. Builders estimate that it will take 60 to 90 days of renewed steel production before normal deliveries are resumed. Says Robert V. Tishman, executive vice president of Tishman Realty & Construction Co.: "With very few exceptions, all construction jobs in the initial stages, where steel is a big factor, have been stopped." The strike slowed construction of vital defense projects, such as the Air Force's new Intercontinental Ballistic Missile launching base at Denver's Lowry Air Force Base, threatened Atlas ICBM deliveries. Military projects need...