Fair Warning

U.S. Steel Corp.'s suave and usually reticent Benjamin F. Fairless guaranteed last week that there would soon be another pay raise in the steel industry—followed by another price rise. This seemed as natural to Ben Fairless as the fact that night follows day.

First of all, said Fairless in a speech to the American Petroleum Institute in Los Angeles, "America cannot afford another steel strike. Much of our present difficulty is due to the fact that strikes have cost our nation 29 million tons of steel since V-J day . . ." Furthermore, "men in top-paying industries ... in automobiles,...

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