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Another sign of the capital-goods buildup was machine-tool orders. Makers reported that new orders in April reached an estimated $50.6 million, nearly double the $28.3 million during the same month last year, and well ahead of shipments (see chart). Said James C. Hodge, executive vice president of Warner & Swasey Co., leading U.S. toolmaker, whose orders are up at a rate more than 100% higher than last year: "We expect new order increases to continue during this year and probably into...
...Thus, since 58% of all U.S. Catholics are Democrats (see chart), a Republican Catholic candidate might lure one out of every seven Democratic voters to his cause. Unsurprisingly, nearly all Catholics (95%) said they would vote for a candidate who shared their politics as well as their religion. The insignificant 2% who would not vote for a fellow Catholic of the same political persuasion were afraid of upsetting Protestant-Catholic relations...
...disagreed. Chairman Avery C. Adams of Jones & Laughlin said that from 1940 to 1958 the industry's labor costs per man-hour increased 298%, while its shipments of steel products per man-hour increased only 30%. Thus, every recent wage hike kicked off a steel price boost (see chart). Adams and fellow executives contended that profits are still "inadequate" to support a wage hike. Even at last year's relatively high levels, steel's profits-to-assets ratio ranked 27th among the nation's 41 key industries. The "obvious" solution to wage-push inflation, said Steelman...
...better individuals"). He had a hand in the Rockefeller brothers' special studies of national security problems and foreign economic policy, is the first chairman of the Republican Party's policy Committee on Program and Progress. Last week Percy opened the first working meeting of his committee to chart the G.O.P.'s future goals. He argues with force that businessmen should not worry, as many do, that participation in politics will hurt their business. Says he: "After six years of it, I have yet to get a single complaint from a buyer or stockholder." PERCY'S dedication...
...four lower lines on the chart were made by the instruments of Explorer IV while it was passing through the inner Van Allen belt of heavy radiation. Channel I is from a Geiger tube set up to give a pulse when 64 radiation particles have passed through it, is thus intended to record areas of relatively low radiation. Here the radiation is so heavy that the counter is swamped and no meaningful count is recorded. Its small oscillations are mere radio noise...