Word: steels
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Dates: during 1950-1959
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Manufacturers' inventories also reflected the steel strike. Although rising $100 million to $52.2 billion in July, the inventory increases were well below the $400 to $500 million monthly increases earlier this year. August inventory figures are expected to show a sharp decline because of the strike...
...annual incomes of $3,800 or less. In one sweep of a pen, the total number of German stockholders was increased by a third, to around 800,000. Determined to have a competitive private-enterprise economy, the government is now planning to sell off the great Volkswagen works, a steel and iron-ore company, a shipbuilding company and an aluminum company. Finding buyers is no problem. Since they were issued in March (and nearly 200% oversubscribed), the Preussag shares have risen in value from $34.50 to $59.50. Public interest in stock purchasing has risen to such a pitch throughout Germany...
From the Commerce Department came a report calculated to throw a chill into both steel labor and steel management. During July, steel imports-which were pushing toward new highs even before the strike began-soared to a monthly record of 430,000 tons. The new imports brought the seven-month intake to 2.3 million tons, almost the equivalent of the output of a steel mill the size of Republic's 9,500-man Cleveland plant; foreign steel mills in 1959 had already sold U.S. customers more steel than in any full year in history. Republic Steel's Chairman...
Other unions did not wait for steel to set a wage pattern, pushed in for the best deals they could make.¶ One hour before the expiration of a three-year contract, the United Packinghouse Workers and the Amalgamated Meatcutters got Armour's signature to a two-year contract raising wages 8½?an hour the first year, another 6½?the second. Fringe benefits brought the package to 22? over the life of the contract, ranged from three-week vacations after twelve years (v. 15) to establishment of a $500,000 fund through company contributions to help retrain...
...Sept. 9 U.S. Steel Hour...