Word: w
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Dates: during 1950-1959
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...W. G. JOHNSON
...W. J. (BILL) BRENNAN President WAPE Jacksonville...
...PUBLIC. No previous postwar steel shutdown has been met with such public apathy. But there are warnings that may soon jolt that apathy. Said Chief Economist Beryl W. Sprinkel of Chicago's Harris Trust & Savings Bank: "By Oct. 1, the strike will be a significant depressant on business. If both sides do not reach an accord by then, the Government will have to step in." Last week the Administration repeated that it had no intention of stepping in. The strongest public pressure for a settlement came from 100 steelworkers' wives who, with a bow to the women...
...capital-goods boom is triggering a burst in spending for heavy construction. The F. W. Dodge Corp. reported that construction-contract awards in 1959's first seven months jumped 11% to $22.5 billion. The new lift in heavy construction comes at an opportune time, just as builders are warning that tighter mortgage money may slow the pace of home starts, now a near record 1.300,000 a year. Overall construction is moving 12% ahead of last year, at an annual rate of $55 billion; builders expect it to rise to at least $57 billion in 1960. Says Chairman Melvin...
...Louis C. Lustenberger, 54, moved up from executive vice president to president of W. T. Grant Co.. second biggest U.S. junior department-store chain (after J. C. Penney), succeeding Edward Staley, 55, who became vice chairman and chief executive officer. Pittsburgh-born Louis Lustenberger joined Grant in the standards department in 1929, three years out of Carnegie Institute of Technology. In Depression '32 he moved to Montgomery Ward, rose quickly to general personnel manager and vice president. In 1940 Founder W. T. Grant hired him back as an assistant to the president. Since the war, he and Staley...