Business: Steel from Slough

Last week the nation's steelmen stopped glaring at Labor's John Llewellyn Lewis long enough to take a hurried look forward to the future, a hasty glance back at what they had accomplished in the first six months of the fourth year of Recovery. As a whole, the steel industry earned more money than in any first-half period since 1930. It was employing more workers (500,000), paying them more per hour (67¢), than in 1929. Individual pay envelopes were not so fat as in the New Era because the work was spread thinner, but...

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