Steel profits stay high after record 1974 year
Federal controls ended a year ago today and steel prices rose while production surged. Industry profits reached 6.5 percent of sales in 1974, marking a record year for steel despite the controls ending.
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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
May 01, 1975
Page
15
Federal controls ended a year ago today and steel prices rose while production surged. Industry profits reached 6.5 percent of sales in 1974, marking a record year for steel despite the controls ending.
Shoppers flock to stock up on kitchen appliances phonographs fur coats televisions and other goods ahead of the May 1 tax increase from 8 to 25 percent. Liquor prices rise sharply as buyers hurry to beat the new levy while shipments and sales surge across stores.
Edgar Ambrose outlines a 400 pupil Stonewall Heights elementary school at Stonewall Drive and South Henry Ave serving Happy Creek Road John Marshall Highway east Rt 522 south and east of Commerce Ave. Initial base facilities include administration library cafeteria and classrooms with future expansion by added classrooms. The plan aims to reduce traffic congestion at 15th St. and free space at the central facility.
A stream of refugees from South Vietnam travels to U S cities with 850 Africans and Vietnamese families already at Camp Pendleton as reception centers for evacuees expand. Officials expect up to 70 000 evacuees, with Eglin Air Force Base and Ft. Chaffee joining Pendleton, as sponsors and jobs are sought and English orientation begins.
Moscow marked International Labour Day with a two hour and fifteen minute Red Square parade led by Brezhnev who stood bareheaded on Lenin's tomb. VIPs included Brig. Gen. Thomas Stafford and Yasir Arafat as global tensions rose and protests flared across Europe and the Americas.
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