Business: Steel from Slough

Last week the nation's steelmen stopped glaring at Labor's John Llewellyn Lewis long enough to take a hurried look forward to the future, a hasty glance back at what they had accomplished in the first six months of the fourth year of Recovery. As a whole, the steel industry earned more money than in any first-half period since 1930. It was employing more workers (500,000), paying them more per hour (67ยข), than in 1929. Individual pay envelopes were not so fat as in the New Era because the work was spread thinner, but...

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