Word: strikingly
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Dates: during 1950-1959
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Fleet Street's ink was running dry, and throughout the British Isles newspapers and periodicals were closed or closing. Reason: Great Britain's worst printing strike in more than 30 years. Started last month, when members of ten printers' unions walked off their jobs, the strike last week spread to 38 firms making ink for the nation's presses, including those of London's mass-circulation dailies...
Directly hit by the strike were London's influential weeklies. The liberal New Statesman got into hot water with its labor friends by printing in Dlisseldorf, but was back in England a week later with union approval to hire a printer in Essex. The Economist, which was printed in a Swiss nunnery during a lesser strike in 1956, found a printer in Brussels, moved to Paris a week later, after Belgian unions expressed sympathy for the British strikers and threatened a boycott...
...Most Intractable." The "national" papers, i.e., the London dailies, had worked out separate deals with the printers' unions and remained little affected until the ink-manufacturing workers, whose own wage scale is based on that of the printers, joined the strike. With only a few days' reserve supply of ink, the national dailies were immediately forced to cut their size. At week's end they pooled their ink reserves, but could hardly hope to keep publishing much longer. And with publishers and strikers reluctant to compromise ("This," said an official of the Ministry of Labor...
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...
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...