Word: scrapped
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Dates: during 1940-1949
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Despite soaring scrap prices, the steel industry had seldom been fatter. In 1947, U.S. Steel reported, it had netted $126.7 million, the biggest since 1929 ($197.6 million), and 43% above 1946. Three other steel companies (Republic, Youngstown, and Jones & Laughlin) made just about twice as much in 1947 as they had in 1946. Bethlehem Steel turned in a whopping profit of $51 million, the greatest in its history. For the first time in peace, its sales had also passed $1 billion...
Viscount Hall, First Lord of the Admiralty, had a sad announcement to make before the House of Lords. Five of His Majesty's oldest and most revered men-o'-war, once the symbols of Britain's might, had been ticketed for the scrap yards. Said Hall: "The First Sea Lord and I feel like two padres conducting the funeral service of a number of old friends...
Playing on Arena ice last night before the Varsity-Brown scrap, the Crimson yearlings found the speed and finesse of the young Bruins too much for them, as their forward lines failed to click and their defense snapped for the first time this season...
...many a manufacturer who bought a steel plant and went into the business to make sure he got what he needed. Toward year's end, the steelmakers hedged their arguments and started to spend some $2 billion for expansion. (They also started to haul back desperately needed scrap from Germany and the jungles of Pacific islands.) But few thought the expansion enough to end the great steel shortage which had cut down production all along the line...
...real test of the Crimson Freshmen will come Tuesday night when they face off against Brown before the regular varsity scrap at the Arena...