Word: steeling
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...diplomat, he saw service at Rio de Janeiro, Christiania, St. Petersburg (now Leningrad), Peking. At the latter place, he met Edith Gruson, daughter of a wealthy Magdeburg steel manufacturer, married her. They have one daughter. The Baroness is reputed to be one of Berlin's most popular hostesses and to be well known by the U. S. colony...
Nevertheless, one deep shadow still lies across the U. S. toy industry?the fear of German competition. Last summer, many other industries were worried for the same cause; but, one by one, they have recovered from their fears. The steel industry now has little concern about an invasion of U. S. markets by German products. But the toy industry is in a quite different position. Before the War, when our markets were wide open to the products of German toymakers, the U. S. toy industry was small. During the War years, with German competition cut off, it grew heavily...
...industrial conditions, therefore, rather than to stock prices, that business is looking for guidance; and the outlook is more than usually confused. In most lines, the trend is undoubtedly toward improvement, particularly in the very barometric steel industry. Nevertheless, the lesson of the first quarters of 1923 and 1924 are still fresh in mind. In both cases, prices rose with increased demand and prospects grew rosy. Manufacturers, however, opened up and speedily unloaded goods on the market in such quantity that prices fell again and production languished...
...Belmont was praised by grooms and squires alike for his skill at point-to-point riding. He played polo until injured in 1911, when his pony stepped in a mole-hole, and severely threw him. As a Harvard sprinter in the early 70's, he introduced the wearing of steel spikes in cinder track meets...
...ratio as a means to this end. Now Secretary Wilbur proposes to make this ratio end itself. As he interprets it, so long as the United States, Great Britain, and Japan keep to the ratio, the merry race to see which can float the most tons of steel can go or ad infinitum. It has evidently not occurred to him that competitive building is useless unless it confers an advantage upon numbers. To continue to build when an established ratio makes certain that one nation will be relatively no stronger at the end than it was at the beginning...