Word: week
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Dates: during 1950-1959
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Looking at the aftermath of the steel strike, some economists last week were swinging around to the opinion that for all the harm it did the economy, it also may have done some long-range good. Along with others. Chamber of Commerce's Schmidt pointed out that the postwar economy has averaged a recession, or at least a leveling in growth, every 30 months. But the steel strike was itself a recession; therefore, the normal setback that might have been expected has been delayed, and business should be good well into...
...corporations mailed out $833 million in dividend checks to their stockholders in October, the Commerce Department reported last week, a record for the month and $13 million above the $820 million paid out in the corresponding month...
...steel industry's ingot output last week hit a surprising total of 78.9% of capacity, or 2,233,000 tons. This was nearly 20% better than anticipated and close to the 2,252,000-ton output in the last pre-strike week. As the glowing ingots moved from soaking pit to rolling mill and out to customers, the glow spread through the U.S. economy...
First to be warmed was the railroad industry. Freight-car loadings jumped 14% for the week to 638,408 cars, the largest traffic since the 697,633 cars loaded in the last week of June. Even the steel industry's biggest and hardest-hit customer, the auto industry, began to thaw. General Motors, which had shut down its plants, began to call workers back to resume making parts. Ford put its operation on five days, and scheduled overtime on the Falcon, Thunderbird and Lincoln. (But Chrysler laid off more workers, stopped production of its Valiant.) With American Motors...
Keeping the heat on management, Steelworkers General Counsel Arthur J. Goldberg last week sent a letter to Commerce Secretary Frederick H. Mueller, urging that the Government stockpile steel now coming from the mills as a hedge against resumption of the strike. "While I have not abandoned hope that a settlement will be reached before the 80-day injunction expires, nevertheless I must advise you in all candor that at the present writing no settlement is in prospect...