STATE OF BUSINESS: Facts & Figures, Jul. 5, 1948

Victory. In advertisements, Lustron Corp.'s $8,000 five-room steel-enamel house looked bright enough. But until last week the prospects of producing many looked dark indeed. The steelmen who run the Department of Commerce's voluntary allocations had turned thumbs down on prefabricated housing ("not successful"). Last week, after intervention by Housing Administrator Raymond Foley and Vermont's Senator Ralph Flanders, the committee handed out 58,000 tons of steel to prefabs. To Lustron (which got all but 10,000 tons of the allocation), that meant 4,800 houses.

Outsider In. Six months ago, old (66) hawk-nosed Sosthenes Behn was jarred into relaxing his one-man control of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!