Word: girdler
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...steel, irrespective of the size of the order. In practice, big buyers like the automobile companies have beaten down quotations as much as $8 per ton.* Last week in an attempt to waft away the dense cigar smoke that envelops this practice, Chairman-President Tom Mercer Girdler of Republic Steel Corp. made a bold move... Opening its books for second-quarter business, the No. 3 steel company of the 'land issued price lists with fixed discounts for quantity orders ranging from $1 per ton on lots of 25 to 50 tons to $3 on lots over 150 tons. With...
Though Mr. Girdler's base prices were generally unchanged from the previous quarter, net effect of fixed discounts may be a rise in average steel prices, for the public discounts are probably less than buyers formerly chiseled in secret. Jones & Laughlin followed the Girdler example on certain products, and other companies were expected to fall in line...
Republic Steel made $4,455,000 in 1935 as against a loss of $3,459,000 in 1934. First profit since the present company's formation in 1930, the 1935 earnings emphasized President Tom Girdler's position as steel's man-of-the-year. To refund debts of subsidiaries, President Girdler last week sold $45,000,000 of 4½% bonds maturing...
Bethlehem Steel made $1,895,000 for nine months in 1935, against $139,000 in 1934-Republic Steel produced steel's Man-of-the-Year in Tom Mercer Girdler. who last September absorbed Corrigan. McKinney and Truscon Steel, increased Republic's yearly capacity to 6,000,000 tons. Mr. Girdler got himself a Cleveland steel plant and large ore reserves, but neither of his acquisitions has been making any money and the merger involved a large increase in Republic capitalization. But Republic made $3,264,000 in nine months of 1935 against a 1934 loss...
...Chairman-President Tom Mercer Girdler of Republic Steel drove the last rivet in his long-delayed merger with Corrigan, McKinney (TIME, Sept. 10, 1934). After stockholders of both companies ratified the proposal at simultaneous meetings in Cleveland and Jersey City, N. J., Tom Girdler announced that he and his fellow steelmen were "fairly optimistic" for the first time since...