Time Clock, may 20, 1957

STEEL PRICE RISE, "considerably in excess of the inadequate increase" of an average $8.50 a ton last year, will be needed when steelworkers' wages and fringe benefits go up about 19¢ an hour in July, predicts Republic Steel Chairman C. M. White.

BIG MISSILE CONTRACT is in works for production of Boeing's ramjet Bomarc ground-to-air weapon. Order will use funds originally planned for additional Lockheed F-104 fighters.

RECORD U.S. EMPLOYMENT of 68 million will come this summer, says Labor Secretary Mitchell. April employment hit new peak for that month, 64,261,000 jobs, v. all-time high...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!