Word: strikingly
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Dates: during 1950-1959
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...more than 21 million tons, a two-month supply, and the nonstruck 15% of the industry is adding to them at top-speed rate of 1,200,000 tons a month. Speaking for many an industrialist, Chairman Robert Black of White Motor Co. said: "We began preparing for this strike six or seven months ago. We've got a 60-to 90-day steel stock. But you never know-one missing item can stop your production. For want of a nail, a battle can be lost...
Watching these developments, Wall Street began to sweat. Major steel shares worried off several points, and the Dow-Jones index of industrial stocks dipped from 663.56 to 657.13-despite the fact that steelmakers are expected to report high earnings in the next fortnight. To others, the strike was a cause for joy: foreign steel producers heavily stepped up steel shipments to the U.S., hoped to make strong inroads at the idling industry's expense...
...Crisis. The effects of the strike landed nowhere with more personal impact than on the Steelworkers themselves, tramping the streets just as it was announced that the nation's employment had hit an alltime high. Many workers faced out-and-out hardship, but most had a nest egg and meat in the freezer. Workers got one to two weeks' pay before the mills closed (average: $125 a week before deductions ). still have another two to three weeks' vacation wages coming. Dave McDonald halted the pay of 1,000 union officers, including his own $50,000 a year...
...prolonged strike could throw millions out of work and close down more industries. That would clearly be a national emergency, and reason for President Eisenhower to invoke the Taft-Hartley Act, seek a strike injunction that would bring the workers back to the plants for 80 days. Said Chairman Paul Carnahan of Great Lakes Steel Corp.: "I doubt that a settlement, when it comes, will originate with either management or the union. We will have to wait until an air of crisis begins to develop nationally...
Most businessmen felt that, barring a really disastrous steel strike, the second half would be as good as the first, and maybe better. Their outlook for all of 1959: a record year for both sales and profits...