The jam was broken. The new White House wage-price formula gave the steel industry a $5-a-ton price increase; the industry promptly gave its workers an 18½¢-an-hour raise.
Pickets tore up their signs, threw the scraps in the air, went off to celebrate a settlement that meant about $32 more a month in each man's pay envelope. In Homestead, Pa., smokeless for 26 days, they quickly made some smoke by burning their strike placards, accidentally setting their picket shack afire.
The nation's biggest and most costly strike (about $80,000,000 in steel wages alone) was...
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