STATE OF BUSINESS: Steelman & Steelmen

Through a side door of the White House last week slipped three of Big Steel's big men for a conference with John Steelman, the President's right-hand man on labor and mobilization. For three hours the steelmen, headed by U.S. Steel's Vice Chairman Roger Blough, discussed steel prices. There was no announcement of what went on, but the gossip was that the trip was well worthwhile. Over the objections of other administration aides, Steelman was reportedly ready to grant a $5.20-a-ton price increase. This was $1.50 more than the steel companies were entitled to under the Capehart amendment, plus a 70¢...

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