Word: steels
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Dates: during 1950-1959
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Liquid hydrogen is rugged stuff to fool with, so cold (boiling point: -252.7° C. at atmospheric pressure) that steel cracks on sudden contact. It must be elaborately refrigerated or it will flash into vapor. Even a small leak is highly explosive. The 150 gal. in Berkeley's chamber have the explosive power...
...book in 38 years. Now, thanks to White, the supply has been replenished (Macmillan; $2.50) with a fond testimonial by White: "From every page there peers out at me the puckish face of my professor, his short hair . . . combed down over his forehead, his eyes blinking incessantly behind steel-rimmed spectacles as though he had just emerged into strong light, his lips nibbling each other like nervous horses...
...Steel stocks were among the strongest, despite the strike threat (see below); investors recalled that steel shares showed marked gains during the 1956 strike, and that historically they have moved up after strikes. Many steel stocks topped their historic highs. Among them: Armco (up from a 1959 low of 64⅛ to 77), Inland (up from 43¾ to 53⅝). U.S. Steel (up from...
...from the nation's steel mills last week marched 30,000 wildcat strikers, defying the two-week truce in steel framed by President Eisenhower. Thus did the rank and file put pressure on management for a settlement. United Steelworkers' President David J. McDonald, who had just appealed for "some negotiating statesmanship." immediately ordered the wildcatters back to work. But the short walkouts at major mills such as U.S. Steel's Fairless works and Jones & Laughlin's plant at Aliquippa, Pa. cut holiday week output to about 80% capacity...
...Steel users eagerly snapped up that production as a strike hedge. They had already expanded their inventories from 13 million tons in January to more than 21 million tons, equal to seven weeks' top-level output by the industry. The Big Three automakers have squirreled away sufficient steel to get a good start on production of 1960 models. Among makers of appliances, Westinghouse and General Electric have a 30-60 day supply...