Reporter

- Organization:
- The American Institute of Mining, Metallurgical, and Petroleum Engineers
- Pages:
- 1
- File Size:
- 68 KB
- Publication Date:
- Jan 1, 1952
Abstract
Restrictions on the use of zinc will be a thing off the past in a few months. Government allocations on the metal are also expected to go by the board. Concurrently, action is also expected in reference to lead allocations. Government stockpile goals for zinc have been reached. The International Union of Mine, Mill and Smelter Workers lent support to United Steel Worker demands and at the same time put in their own bid for a 25-cent an hour increase at a meeting held in Denver. While backing the USW, the IUMMSW charged the Steel Workers with membership raiding. Iron and steel companies producing about 92 pct of steel ingots in the United States, showed nearly a 13 pct decline in net profit during 1951, compared with the previous year, despite a 22 pct increase in their combined revenue. Federal income tax rose 61 pct, to more than 012 million. New iron ore reserves are being sought in Canada by Jones & Laughlin Steel Core, The company has acquired exploration options near Petersborough on the north shore of Lake Ontario in Durham, Northumberland and Frontenac Counties. *'A fourth property is southwest of Ottawa, in the Kingston, Ontario area..
Citation
APA: (1952) Reporter
MLA: Reporter. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1952.