Word: steels
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Dates: during 1950-1959
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Winter closed the St. Lawrence Seaway this week, and the score was in on its first season. Through October the new waterway moved 17.4 million tons of cargo, well short of the 25 million ton goal. Part of the reason was bad luck; the U.S. steel strike had cut off iron-ore shipments from Labrador and traffic of other bulk commodities was down...
Business was coming back fast from the steel shortage. As representatives of the steel industry and the steelworkers got ready to meet in Washington with federal mediators, the steelworkers warned the Government to stockpile steel lest there be a shortage for defense purposes if the strike is resumed when the Taft-Hartley injunction period ends Jan. 26. But the Government refused...
Nowhere did the rapid pace of the steel comeback have a more salutary effect than on Detroit's sorely tried auto industry...
...Chevrolet plans to have 63,000 workers back, producing 40,000 cars a week, by about Dec. 16. The 13 Chevy assembly plants are shooting to break the alltime record of 188,410 cars produced last December. Chrysler Corp. finally had to shut down this week for lack of steel, but plans to start up again next week, will recall 38,000 laid-off production workers. Ford Motor Co. is confident that it will be able to get by without a major stoppage...
...invests in a domestic company can make handsome profits on his own. In a land that is turning out its own diesel engines, railroad cars, jet aircraft and transistor radios, stocks are an investor's dream. Ansett Transport Industries, Clyde Industries (engineering), Broken Hill Proprietary Co. Ltd. (steel) are all up 50% in a year, while Colonial Sugar Refining has jumped 70% and Rothmans Ltd. (cigarettes) a whacking...