Word: joblessly
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Died. Charles R. Blyth, 76, founder-chairman of the San Francisco investment banking house of Blyth & Co., who started his firm in 1914 with a loan on his car, hired on jobless financial wizards during the Depression, came to operate offices in 24 cities with assets of better than $35 million; in Hillsborough, Calif...
...them perhaps more telling-that he intended to dribble out to keep up the pressure. At week's end he released another report stating that the impact of the steel strike "has been severe and is expected to be felt increasingly in weeks to come." The number of jobless workers in steel-related industries has risen to about 125,000-60% in railroads and coal mining-and 75,000 of them have applied for unemployment aid. But there is not yet any shortage of steel for defense plants, and none looms in the near future. Foreign steelmakers were supplying...
Died. Brigadier General (ret.) Pelham D. Glassford, 76, leathery Washington police chief when the 1932 Bonus Army marched on the Capitol; in Laguna Beach, Calif. A combat general in World War I, Glassford faced the sternest test of his career when 11,000 ragged, jobless veterans descended on Washington to demand bonuses not due them until 1945. He controlled them with tact and courage while Congress marked time, dug $773 out of his own pocket to buy them food...
Canada's Bureau of Statistics last week reported employment at an alltime high, with 6,053,000 at work and unemployment running lower than Ottawa economists dared expect only a few months ago. The number of jobless Canadians dropped sharply last month to 234,000, which is 3.7% of the labor force, compared with 10% in March 1958. As the result of stronger demand for Canadian raw materials in the bullish U.S. recovery, Canadian exports to the U.S. surged to $321.1 million in June (v. $233.6 million in June 1958), and overall exports were up to a one-month...
This week, 760,000 of Cuba's 2,300,000-man labor force-roughly one-third-are without work. With the sugar cut and milled, 200,000 seasonally employed cane cutters and millworkers will join the 400,000 Cubans chronically unemployed and the 160,000 workers made jobless by the construction slowdown. Says a Havana businessman: "The country is going broke in a hell of a hurry." Said a sugar broker: "Cuba is being reduced from a first-rate nation with a sound peso to a third-rate nation...