LABOR: Peace Terms

The spine of the nationwide steel strike was broken.

For days the welcome news had swooped and skittered on the horizon like a distant barn swallow. This week, rumor became fact. Bethlehem Steel Co., the nation's second greatest steel producer, had come to terms with Philip Murray's striking C.I.O. United Steelworkers.

A speedy end of the 31-day steel strike in the rest of the industry seemed inevitable. Other big steelmakers—Jones & Laughlin, Republic, Youngstown Sheet & Tube—were ready to follow Bethlehem's lead. The little steel companies had little chance once the chink appeared in the industry's front, were almost sure to...

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