STEEL: Undeclared Truce

"The cut-throat competitive practices prevalent in the industry are leading the nation away from the objectives of recovery and into a devastating economic tailspin."

That worried comment—referring, ironically enough, to the steel industry, which scarcely three months ago headed the Anti-Monopoly Committee's list of suspects—was made last fortnight by Chairman Philip Murray of the Steel Workers Organizing Committee. Last week Philip Murray had reason to be reassured, for a two-month state of undeclared war in the industry was ended, temporarily at least, by an undeclared truce.

Big Steel, which once produced 90% of the nation's...

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