Word: steeling
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...emphasizing the merits of journalism as a career Mr. Vanderlip voices the opinion of many. It is perhaps the only profession left that can appeal to the "gentleman adventurer" type of mind. For since steel has gone out of fashion lead is the only metal available for those who would live by their wits. The game of course has its drawbacks, some of which Mr. Vanderlip points out in his criticism of the press. A criticism not as virulent as Mr. Upton Sinclair's, but their if everyone criticized as Mr. Sinclair what would become of Mr. Sinclair...
Unless "stabilizing methods" had been employed, varying from the picturesque operations and announcements of Mr. Livermore (TIME, Nov. 12) to the steel extra dividend (TIME, Nov. 12) and kindred occurrences, business would probably have deteriorated until this Spring, have been dull all Summer and started up in the Fall. The Presidential election, despite assertions to the contrary, would have small influence on this. Owing to "stabilization," conditions are superficially better than we would expect at this time, but practically worse, since a real housecleaning in our business structure was needed. The stabilizing efforts of bankers and corporation directors have succeeded...
...extended period of unemployment, nor any serious labor surplus is anticipated by the Employment Service. While metal industries, machinery, foundries and repair shops are now marking time, and while the railroads laid off many men during December, many lines of business?such as the iron and steel industry, automobile manufacturing and some branches of the textile trade?now possess a better tone...
During the War, Bethlehem Steel was the best known and outstanding "War baby"; the efforts of the company were almost entirely devoted to the production of munitions and other ordnance materials...
...shift was made gradually and without great loss, and has now been completed. Only about 2% of the company's entire property and plant investment now consists of emergency ordnance plants. Bethlehem's feat is all the more remarkable when it is recalled that the Midvale Steel and Ordnance Co., taken over by Bethlehem in 1923, was likewise primarily a producer of war materials...