Word: steam
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Heavy electrical equipment makers also reported healthy improvement in new orders. General Electric's large steam-turbine-generator department said that orders thus far this year are almost equal those for all of 1958, while Allis-Chalmers' backlog of unfilled orders has risen 72% since the end of last year, now stands at $225 million, a record peacetime total. Other sectors of the capital-goods complex, such as generator makers, locomotive builders, and construction equipment manufacturers, reported rising new business. Summed up McClure Kelley, president of Baldwin-Lima-Hamilton (machine tools, road-building equipment): "The improvement comes from...
...Tigers, rowing a higher beat than the varsity shell, fell back to a length but appeared to be moving up a little bit coming through the Mass. Ave. bridge. Then Crimson stroke Perry Boyden started pouring on the steam. Still moving at 32, the smooth-rowing varsity boat suddenly pulled out a long half length in the next quarter mile...
...Lawrence Seaway, storied ship route to the heart of the continent, is in business. For the first time in history, deep-draft ocean vessels can bypass the shallows of the upper St. Lawrence, steam through a system of locks and 27-ft. channels to the Great Lakes...
...support from unions or industry. Steelworkers Union Chief David McDonald opposed the bill because he felt it would have "a stifling effect on free collective bargaining." Freezing prices to halt inflation, said U.S. Steel Chairman Roger M. Blough, is "like trying to check the rising pressure in a steam boiler by plugging up the safety valve." The real cause of rising industrial prices since the war, charged Blough, is rising employment costs, which now "represent more than 75% of all costs." Furthermore, said Blough, the O'Mahoney bill would "diminish still further the profit incentive," could lead...
...addition, only 28 people eat at the House, which makes much expensive machinery, such as steam tables, unnecessary...