Word: armco
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First yard visited had 250 old cars which the yard owner said he was cutting up as fast as he could get labor to do the work. Most of his men were either drafted or finding better jobs in the steel mills. Armco agreed to furnish the men. At the second yard were 500 cars, plainly being held for higher prices. The proprietor showed no interest in a deal. Whereupon Major John S. Swauger of the Pittsburgh Ordnance District (who has requisitioning power) remarked: "If no agreement for the sale of this scrap is made within a week...
Within a few days, with Major Swauger's help, Armco had rounded up some 2,000 tons of scrap near Butler...
...months ago a workman in Armco's Middletown, Ohio mills suggested that the management sponsor a housing development for employes. His letter passed from executive to executive, 15 university experts were consulted, the Federal Housing Administration and Department of Agriculture queried. Finally 80 workers were called in to approve the management's ideas. They did, and last week President Hook announced the creation of Fertile Valleys Homesteads on 60 acres of farm land three miles south of Middletown...
There, on an acre of soil-tested land apiece, 60 modern houses will be built-a two-bedroom size at $4,500, three-bedroom at $5,300. Total cost for the 60 families will be $300,000, financed jointly by the workers, Armco and FHA. To keep costs down, the 60 are now forming their own building company...
Since Fertile Valley Homesteads will be made of prefabricated steel built by Armco, the company is in effect developing a new outlet for its products. Armco is thus following the lead of big U. S. Steel Corp., which since last September has been stamping out prefabricated steel parts for a similar housing development at Clairtown, Pa. near its vast new Irvin Works...