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...course abruptly. At 36, he took the helm of Yachting, which his friend Oswald Garrison Villard, publisher of the New York Evening Post and the Nation, had started the year before. Editor Stone decided to make Yachting more popular by doing the same for yachting: he gave a big boost to ocean racing, revived the famed Bermuda Race...

Author: /time Magazine | Title: The Press: The Water Boys | 6/29/1953 | See Source »

Pitching & Pratfalls. The Braves have been getting some tight pitching from two old Bostonians, Lefthander Warren Spahn (7-1) and Righthander Max Surkont (8-1), who recently set a record of eight consecutive strikeouts. Another big boost has come from a battery of youngsters just back from the Army: Pitcher Johnny Antonelli (6-2) and Catcher Del Crandall, who is hitting at a .325 clip...

Author: /time Magazine | Title: Sport: Top of the League | 6/22/1953 | See Source »

...rest of the industry was quickly falling into line. Steelmen, who had just completed the biggest May production (9,900,000 tons) in history, and still have their mills booked to capacity months ahead, were willing to pay for uninterrupted production because recent price boosts had improved their profits picture. In 1951, price controls and allocations trimmed their margins, and in 1952 a 53-day strike trimmed them still more. Now, with all controls off, steel's indicated profits show signs of rivaling 1950's big year (see chart). Moreover, new price rises, estimated at $3 or more...

Author: /time Magazine | Title: LABOR: Era of Good Feeling | 6/22/1953 | See Source »

DESPITE British pressure on oil purchasing nations, the National Iranian Oil Co. has signed 25 sales contracts with Italian, Dutch, Japanese, German, Indian and Pakistani companies. Iran expects to export 1,000,000 tons of oil this year. By next year, Iran hopes to boost its sales to 8,000,000 tons of crude and refined, to fetch $70 million...

Author: /time Magazine | Title: Business: TIME CLOCK, Jun. 22, 1953 | 6/22/1953 | See Source »

...also put his finger on some of the questionable tactics of tariff lobbying. In the case of silk scarves, the "domestic industry" wanted to boost the price of European imports. But Eisenhower had difficulty finding a "domestic industry." Part of it, he wrote, consisted of "U.S. entrepreneurs who buy the raw silk in Japan, pay there for the labor at piece rates for the printing and finishing, which is all done under their supervision and continued ownership," then export the goods to the U.S. and sell them. Another part consisted of U.S. finishers who do piece-rate work on scarves...

Author: /time Magazine | Title: GOVERNMENT: Aid for Trade | 6/22/1953 | See Source »

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