Word: boosted
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...expected, U.S. Steel Corp. and Bethlehem Steel Corp. raised their prices an average of $5 a ton last week, thus making the rise in steel virtually industrywide. What was not expected was the careful explanation of Big Steel's Chairman Irving S. Olds that the $5 boost had nothing to do with the recent coal price increase. The coal price rise added $1.50 a ton to the cost of steel making, said Olds, but the boost last week was only to cover increases in costs in steel wages, raw materials, etc. Whether there would be a further boost...
...anyone did not know the makeup of the train, it was not the fault of Engineer Taft. He had put it together in the yards of the 80th Congress, where virtually every piece of major legislation had been given his boost or his boot. Frankly, loudly, obstinately and often, he had declared his stand. Some of his views (his opposition to David Lilienthal, to universal military training, to the State Department's Voice of America) had brought a storm of criticism. Other views (on the labor act, on tax-cutting) had won him both praise and condemnation. But nobody...
Hungry Steel. After their hungry cry for another rate boost (TIME, July 14), some of the railroads turned out to be pretty well fed. Union Pacific's six months' earnings, at $20,601,834, were 51% above the 1946 period; Chesapeake & Ohio Railway's, $20,609,310, were up 57%. Some 25 roads did much better than last year-a poor year-including the New York Central Railroad Co., which made $2,053,711 v. a 1946 loss...
...Texas & Pacific Railway Co. last week tried out a scheme to boost passenger travel. It permitted travelers to buy tickets on the installment plan. In so doing, the small (1,874-mile) Texas & Pacific scored a beat over 50 major U.S. railroads; they plan to start installment travel this fall...
...Methodist minister, Walter Stoke spent most of his boyhood in the Southwest (he picked cotton in Texas), was schooled in the Midwest and went to New England for his first major academic job. At N.H.U., he allowed students their first effective self-government, persuaded the state legislature to boost his university's appropriation...