Steel. Although steel production reached 7,564,626 net tons in May, a new peacetime record, cutbacks resulting from the coal strike were still felt by motor-makers. General Motors closed down its Michigan operations and laid off 200,000 men for a week in order to accumulate enough steel for continuous production. The Ford Motor Co. closed down for a day.
Tax Forms. The-Treasury Department ruled out further use of the withholding tax receipt as a "simplified" tax return form for incomes of $5,000 or less. Reason: this "simplified" form (called W2) had proved "too...
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