STEEL: How Much a Ton?

First major product whose price was dumped in Leon Henderson's lap was steel industry's biggest raw material and key to the whole U.S. price structure (see above). Last week C.I.O. and C.I.O 's archenemy, Ernest Tener Weir, combined to make many a steel producer talk about upping his price tags.

The Steel Workers Organizing Committee, which has gained no pay rises since 1937, began negotiating last month with U.S. Steel for a new contract. Its asking price: 10¢ an hour more pay (current rate: 62½¢). The company's bid: 2½¢ an hour. There was...

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