Word: steels
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...secret: a series of steel-and-plastic "tree units," which look like beach umbrellas with canopies curving upward instead of down. Bolted together, they form ceilings and roof; supporting pipe columns carry the load. By simply adding or subtracting tree units, the school can be expanded as the community's needs change -or moved to a new site...
David Smith, 53, is the best of the living "ironmongers." His raw, openwork constructions of iron, silver and stainless steel stem from Spanish ironwork by way of Gonzalez, but they have a peculiarly American urgency and, so to speak, a questioning emptiness. Smith is the idol of young American sculptor-welders, who find that they can follow his lead on a large scale without too great expense (a big cast-bronze monument may cost $50,000 to erect; a welded steel one as little as $500). Smith stays more inventive than any of his imitators...
...newborn calf, Wall Street's bull market last week stumbled hard. Stocks dropped 14.82 points on the Dow-Jones industrial average to 637.36, well down from the peak of 678.10 in early August. Brokers all gave the same reasons for the market's weakness: tight money, the steel strike and Premier Khrushchev's visit. Many of them also agreed on what the market will do next. Said Carl M. Loeb, Rhoades Partner Samuel L. Stedman: "I expect a good strong rally before the end of the year, because there is money piling up in mutual funds, pension...
...domestic side is cause for great concern. For two weeks, the market's anticipation of a rise in the Federal Reserve's discount rate added to the decline. But at week's end, after the rise came, the market rebounded. As soon as the steel strike is settled, brokers expect the market to seek new highs in a sustained rally...
Behind the Fed's decision to follow the interest market up another half notch was concern over the ballooning of commercial loans, which have continued to rise despite downturns in loan requirements in industries affected by the steel strike. During the strike's early stages, the Fed delayed raising the discount rate for fear of adding to the effects of the strike on the economy. But as it became clear that the strike was not slowing the boom, the Fed began to worry over what will happen when the steel strike ends and steel users return in full...