Word: steels
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Dates: during 1950-1959
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...crisp with excitement and expectancy in the crowded Washington hearing room this week when the fact-finding panel appointed by President Eisenhower started its last-chance hearings in an effort to help get the steel strike settled. When the session ended 4½ hours later, Chairman George William Taylor was still showing the unflagging amiability and hopefulness of the professional mediator, but the excitement and expectancy in the audience had soured into disgust at both sides. The fact finders had clearly silhouetted one big fact that the U.S. was discovering on its own: in the 14-week wrangling...
...White House announced the back-to-work order will be sought in federal district court in Pittsburgh this afternoon. Pittsburgh is headquarters of the steel union. The bid will be made by George C. Doub, asistant attorney general in charge of the Justice Department's civil division...
...fact that the slide will not be more severe is a good indication of the basic health of the U.S. economy. Despite the steel strike, most sectors of the economy are moving along steadily. To help offset a bigger drop caused by inventory depletion, the gross national product will benefit in the third quarter by increases of $1 billion in state and local expenditures, $1 billion in new plant and equipment, $3 billion in consumer spending. "Despite the crippling of one of the nation's chief industries," said the First National City Bank of New York in its monthly...
...even the basically sound economy has taken some hard body blows. August machine tool orders were down 17.3% to an estimated $52.4 million as manufacturers held off ordering machines until they were sure of having the steel to feed them. Sales of manufacturers, wholesalers and retailers dropped $2.2 billion in August to a rate of $59.5 billion. Freight carloadings were only 74% of normal for this time of year. Assessing the situation, the National Association of Purchasing Agents reported that "the steel strike has lasted too long to enable us to avoid serious dislocations in production. Prospects for good business...
WASHINGTON, Oct. 18--The steel industry yesterday proposed to arbitrate the issue of work rule changes--one of the main obstacles to a steel strike settlement. The union rejected the idea...