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...Isaac Pennock (whose daughter Rebecca gave her married name to the company, actually ran it herself for 22 years), Lukens has been nudged out of its modest niche by the big demand. Last week President Huston announced that the company will launch a $33 million expansion program that will boost Lukens' rated ingot capacity by nearly 25% to 925,000 tons...

Author: /time Magazine | Title: WALL STREET: The Lukens Puzzle | 4/22/1957 | See Source »

...budget the President has submitted is geared to continuing prosperity at a rate six percent higher in this calendar year than in 1956," Byrd said. "His budget also takes into account a proposed 600-million-dollar increase in revenues through a boost in postal rates, which Congress might not approve...

Author: By The ASSOCIATED Press, | Title: Byrd Warns Unbalanced Budget Means No 1958 Tax Reductions; Japan to Increase China Trade | 4/22/1957 | See Source »

AIRWAY USERS' TAX will be submitted to Congress by Commerce Department, which will probably urge boost in aviation gas tax (now 2? per gal.), plus levy on now untaxed jet fuel. It will help finance CAA's six year program for air-lane control by ground radar stations, automatic navigation equipment. New control system will cost $810 million to build, about $430 million a year to operate...

Author: /time Magazine | Title: Business: TIME CLOCK, Apr. 15, 1957 | 4/15/1957 | See Source »

...Commission sent President Eisenhower a recommendation to treble the tariff on instruments valued by the foreign manufacturer at $25 or less. The proposed new rate: 52 ½ % ad valorem and $1.87 ½ each v. the current 17 ½ % plus 62 ½ each. Fiddle-faddle, said the President, vetoing the boost. He noted that violins and violas of this type are made by only one U.S. manufacturer, Jackson-Guldan of Columbus, Ohio, which employs 30 production workers. To protect them, the Tariff Commission was willing to stir up West Germany, France and Italy, which supply most of the low-and medium...

Author: /time Magazine | Title: GOVERNMENT: Fiddle-Free | 4/15/1957 | See Source »

WASHINGTON, April 10--President Eisenhower gave a sympathetic boost today to allies who want to relax curbs on trade with Red China--especially the Japanese...

Author: By The ASSOCIATED Press, | Title: Ike Lauds British Arms Cutback Despite United NATO Opposition; Allies May Reopen China Trade | 4/11/1957 | See Source »

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