Word: striking
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Dates: during 1950-1959
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...most remarkable fact about consumer buying is that nothing seems to deter it. During both the recession and the steel strike, consumers held to their buying pace, thus bolstered the economy in a key area just when it needed support. Now, though personal income has leveled off, the consumer is still stepping up his spending...
...October sales hit $6.3 billion, up 17% over last year and nearly 10% over September. The durables got a hefty boost in October from soaring sales of Detroit's 1960 auto models, will probably level off this month because of a shortage of cars caused by the steel strike...
...strike caused no shortage in other areas where the consumer likes to pour out his cash. September output of major appliances was up 30% over last year, radio-television output up 28%, production of textiles and clothing up 14%. With steelworkers back at their jobs and laid-off auto workers gradually going back, merchants are already looking forward to record Christmas buying...
...week. Inland expects 80% capacity this week, while Jones & Laughlin, Wheeling Steel, Armco, Allegheny Ludlum hope to hit between 65% and 80%. Throughout the industry, steelmen are cashing in on the care they took in shutting down their furnaces and in keeping maintenance crews in the plants during the strike. Only a fraction of the expected repairs proved to be necessary...
...slack period, may be able to build up small stockpiles during; the 80-day Taft-Hartley injunction period, most companies will not be able to build up any appreciable supply. The pipelines are so clear that steel will be used as fast as it is delivered. If the strike is resumed after the injunction is ended, shortages will show up immediately...