Word: thirds
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Dates: during 1950-1959
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...picture of confidence, a Manhattan lawyer named Bill Shea announced formation of a third major league: the Continental, which plans to start play in 1961, has already signed up New York, Houston, Denver, Toronto, and Minneapolis-St. Paul. Shea's biggest-problem: getting big-league players. But Congress is strongly pressing the majors to cooperate and Shea is asking for what he loosely terms "ready access" to their manpower pools...
...slump, the San Francisco Giants brought up lean (6 ft. 4 in., 180 Ibs.) Willie McCovey from Phoenix, Ariz. The new Negro first baseman scored three runs and drove in two in his first game, knocked across the winning score in his second, went 3-for-5 in his third, as the Giants won all three games and slipped back into first place in the tight National League pennant race...
...chief executives of the three largest U.S. steel companies faced a task that was a mixture of. pride and embarrassment. With the steel union in its third week of a strike for higher wages, they went before reporters and microphones last week to announce the biggest sales and earnings in their history. The figures for the top eleven steel firms that have reported for the half year were so extraordinary that they immediately set off a new duel between management and labor, brought widespread suggestions that the industry consider a cut in steel prices to share its profit performance with...
...billings of $1.4 billion for the first half also touched new highs; so did production, which was running at 97% of capacity just before the steel strike. From Republic Steel Chairman Charles M. White came another record report to round out the picture: the nation's third largest steel firm ran up quarterly earnings of $2.57 a share v. 98? last year, half-year earnings of $4.28 a share v. $1.53 last year. Republic's half-year production (5.6 million ingot tons) and sales ($785 million) also broke all previous records...
...customers' fear of a steel strike." Comparing current earnings with profits in recession 1958, said Bethlehem's Homer, was comparing "apples and pears." Republic's White called his company's second-quarter record "to a major degree a result of robbing business from the third quarter." Such profits, he said, must be "the regular order of business" if the industry is to modernize and grow, compete against foreign firms and other materials at home. But the industry's argument did not stem the union's expected attack. Cried Steelworkers Boss David J. McDonald...