Three Cents an Hour COL Increase for Steelworkers
David J. McDonald, president of the United Steelworkers Union, announced that about 730,000 steel workers could receive a three-cent hourly cost-of-living raise on July 1. The raise, combined with a nine-cent increase in the second year of the union contract, brings total gains to 12 cents. The three-cent boost applies through Jan. 1. McDonald defended the union against internal opposition and warned against efforts to weaken bargaining power, while noting rumored campaigns by some steel leaders.
MENTIONED IN THIS ARTICLE
New York
David J. McDonald
United Steelworkers Union
McDonald
USW
Legas
Donald C. Barfick
McKeesport
BfcDonald
Aeiien Kreeterc
Unions Schedule Meetings in Three IAM Locals
Three International Association of Machinists locals vote within days as their contracts near expiration. Local 177 at Couch Uthe Co Etotia meets today. Local 1771 and Local 1761 hold talks and votes with a federal conciliator next week. Local 1539 at Nelson Stud Welding Lorain will vote on a company proposal after Tuesday in Lorain Hall. Mertz says offers are not public and outlines a roughly 15 cent package plus 3.7 percent wage-cost adjustments. trainees would gain after training and productivity pay. Union plans focus on improved terms, with independent local committees pressing for severance and other gains.
MENTIONED IN THIS ARTICLE
International Association of Machinists
Albert ¥. Mertz
Couch Uthe Co
Etotia
Centre Labor Hall
Lorain
Mertz
Uthe
Elyria
Nelson Stad
Sion
Steelworker Backing for Senate Probe Offered
The CIO United Steelworkers union will back a Senate investigative panel in probing union finances and election spending, per USW President David J. McDonald at Local 1104. Local 114 endorsed funds for St Joseph Hospital expansion in Lorain and planned delegations to events in Detroit and Columbus.
MENTIONED IN THIS ARTICLE
Cio-United Steelworkers Union
Senate Investigative Committee
USW
David J. McDonald
Union International
McDonald
McClellan
GSW
National Tube Production Workers
Lorain
St Joseph Hospital
Thaddeus Jones
Jack Rutledge
National Association For the
Dollar averaging advantages and stock value questions
A reader ages 34 asks about dollar averaging and its pros and cons. The response highlights mechanical investing with fixed amounts, minimal judgment, and long term growth assumptions if the economy expands. It also includes a true or false item on stock pricing below book value, explaining book value per share as net worth from the balance sheet.
MENTIONED IN THIS ARTICLE
United States
Chrysler
Combustion
Book value myths and apprentice wins in Avon Lake area
Stock valuation and book value are debated as profits and liabilities shape share prices. Avon Lake lawyer C W Grove outlines limits of book value while Keith McRoberts, a fifth year apprentice, wins county and state plumbing contests and advances to national competition, reflecting local education and apprenticeship programs.
MENTIONED IN THIS ARTICLE
Atty
G. del Bates
Avon Lakes
Keith McRoberts
Lawrence and Bates
O. Murphy Co
Oberim
Imi
Lorain County [Loan Association of Cleveland
Avontate
They
Lorain County
Ohio Bar Associations
Avon Lake
AFL Plumbers and Steamwhifters Union
McRoberts
Columbus
Ohio
University of Purdue
Oberlin
Oberlin High School
Brown Lipe-Chapin
Elyria
Murphy Concern
Kenny
Janet Lou
Michaeline
Marcy Dr
South Amherd
Tip Debate in Chester Basin Reflects Broad Gratuity Grievances
A Chester Basin reader laments tipping as a universal cost of travel and service, arguing the practice taxes patrons while many workers rely on tips. She notes abuses in nightclubs and questions why porters, clerks, and teachers should be tipped, urging action to curb double charging and broaden tipping accountability.
MENTIONED IN THIS ARTICLE
Chester Basin
Eva
Scotia
Prince Edward Island
Starn
Europe
Negotiation Pay's Issue In Dispute
A dispute over paying union members for time spent before a three member fact finding panel pits United Mime Workers Local 13612 against the Balti geore and Ohio Railroad docks in Lorain Toledo and Huron. The dialogue centers on how wage timelost during negotiations should be compensated and the potential impact on the dock operation and workers.
MENTIONED IN THIS ARTICLE
United Mime
Lorain
Toedo
Huron
Lee C. Ferguson
GMW
Loram
Umws
North Olmsted To Graduate 81
Ground rules set for emergency mediation board created by President Eisenhower to avert Great Lakes dock strikes. Meetings moved to Cleveland for Toledo Lorain and Huron disputes. J. J. McLeod to speak at North Olmsted High commencement June 2. 81 students graduate in gymnasium.
MENTIONED IN THIS ARTICLE
Eisenhower
Great Lakes
Nathan Cayton
Washington, D. C
Dudley K. Whiting
Detroit
Morrison Handsaker
Easton
umgQn
Toledo
Cleveland
Lorain
Huron
Wwnic
K. E. Lower
State Tax Revenue Up In Lorain County
Lorain County sees a sharp weekly upturn in sales tax yield for May 11, with $73,364.70 collected on stamp sales to merchants, 24 percent higher than the previous year. Year-to-date totals narrow the gap versus 1955, while statewide collections for the period run 14 percent below last year’s level, as of May 21.
MENTIONED IN THIS ARTICLE
Lorain County
Poppy Day Dance Held Tonight in Amherst
In connection with the two day Poppy Day drive the American Legion Auxiliary hosts a Poppy Dance at the Legion Home on Middle Ridge Rd tonight. The public event runs from 10 p.m. to 2 a.m. with admission 2 per couple.
MENTIONED IN THIS ARTICLE
Amherst
American Legion Auxiliary
Legion
Middle Ridge Ra
Also Mentioned on This Page
ESW
Oneill
Senate
Steve Caruso
Lorain County Cio Council
AFL
Elyria Central, Labor Union
Lorain Federation of Labor
Afl-Cio
Acio Insurance
SCD
Nationwide
I . Cara A
Ationwide Mutual Insurance Company
Ed Ala Eee Eye E
Vie Labs
J. A. Gargasz
Anderson
Bram
Western Automatic
C-T
Q. Tam
Firm Names
Roger E. Spear
Joint Apprenticeship Committee
Lorain County Master Plumbers Association
Master Plumbers Association
By Shirley and
Bob Sloane
Usua
Cme
Amercan Machine
Foundrry
Pemsalt Chemicals
Cluett Peabody
Chrysler Or
Combustion Engineering
Ferguson
Fearwort Deck Co
B & OQ
Chrys
Lier
Questen
Ontiyear
North Olmsted
Broad St
Bell's
Chio
Caly
Sibley
LOU Pierce Radio & TV
Tran Building
North Ridgeville
Lorain County Bank