STATE OF BUSINESS: Facts & Figures, Dec. 15, 1947

Safety First. Steel production reached 1,710,000 tons a week (97.7% of capacity), the highest in peacetime history. Wilfred Sykes, president of Inland Steel Co., predicted that even at present capacity the industry "will be able to balance supply and demand during 1948." Nevertheless, the Department of Commerce played it safe by slapping export controls on 36 more steel products. This brought about 95% of all iron and steel shipped to foreign countries (except Canada) under its licensing system.

Studebaker Buys. The Studebaker Corp. bought the Empire Steel Corp. of Mansfield, Ohio for...

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