Freeze in Steel

Five days after Leon Henderson took office as price tsar, the only price action he had taken was to crack down dramatically on steel with an order freezing all the industry's prices, at least temporarily.

The decree threw the steel industry into an uproar of protest. But the uproar was nothing compared with the indignation aroused when Steel Tycoon Ernest Tener Weir lined himself up on Henderson's side this week. Figuring the wage increase his National Steel precipitated earlier this month would cost the industry not more than $135,000,000, he termed the...

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