Word: pickup
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Both U.S. Steel Chairman Roger M. Blough and Bethlehem Steel President Arthur B. Homer said that, barring a long strike, the industry's pickup in production would continue; for U.S. Steel and the industry second-quarter production will run between 90% and 95% of capacity. Blough said the rate of production, barring a strike, would drop "somewhat" in the third quarter but "would continue reasonably good because there's been a recovery in the economy that involves an increase in consumption by our customers." And for the fourth quarter production "ought to be better than the third...
...Rambler's success, the Big Three are not hurting much. Last week the auto industry showed promise of the first spring pickup in sales since 1955, chalked up a record near two-year, midmonth high of 174,780 new car sales. Automen are confident of a 5,500,000-automobile year. That is good news for George Romney; the more car sales, the bigger the share he expects...
...average1½ per commercial farm). Since 1945, they have increased their number of newer work-saving machinery by 1,200%-mostly with machines that had not even been invented in 1938. Farmers have invested $17.5 billion in 1,040,000 combines, 745,000 cornpickers, 590,000 pickup hay balers, 255,000 field forage harvesters and other machinery. They spend $1.5 billion for gasoline and oil each year just to keep the equipment going...
...Pickup. In Ashland, Ky., Motorist W. S. Patton kept looking in his rear view mirror, wondered why a light truck was following him so closely, finally discovered that the truck had no driver, had been hooked to his bumper since he backed into it in a parking space...
...jump in steel came largely from the pickup in autos. Sales of 128,000 new cars in February's first ten days rode ahead of the year-ago pace, and production last week climbed 36% above a year ago. The continuing production pickup pushed freight carloadings more than 6% above last year's level, the fifth straight weekly rise. Total industrial production in January moved up for the ninth straight month to 143% of the 1947-49 average, just four points below the all time peak of December 1956. Personal income was also up by $2.4 billion...