Time Clock, Jul. 4, 1955

STEEL NEGOTIATIONS are entering the critical stage, but neither union nor management thinks there will be a strike when the contract expires this week. Though Steelworkers' Boss David McDonald has rejected the industry's offer of about a 10¢-an-hour wage boost as an "insult," few tempers are ruffled, and the industry is expected to make a satisfactory offer.

FIRST JET TRANSPORTS in the U.S. will be ordered by National Airlines and American Airlines. Though nothing has been signed officially, both lines have given Douglas Aircraft Co. verbal orders for its new 550-m.p.h. DC-8 (TIME,...

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