Word: huston
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...gyrations in Lukens stock began when President Charles Lukens Huston Jr., 50, was quoted by the Wall Street Journal as saying that the company's first-quarter earnings would be "equal to, if not better than" 1956 average quarterly earnings of $1.97. Since word had been making the rounds in Wall Street that Lukens' per-share earnings might be as high as $5, this was interpreted as pessimistic news. A deluge of sell orders forced suspension of trading, later sent Lukens stock spinning down by 7⅞ points...
Sudden Prosperity. President Huston refused to give any explanation for his low estimate-made two days after first-quarter books had been closed-except to say that it had been "necessarily conservative." The Stock Exchange announced that it had been assured by Lukens Steel that none of the firm's directors or officers bought or sold any appreciable amount of Lukens stock between the two announcements. Since the Lukens and Huston families own nearly 40% of the outstanding 953,928 shares, the amount of stock available to the public is small...
Nudged from the Niche. Founded in 1810 by a Quaker farmer named Isaac Pennock (whose daughter Rebecca gave her married name to the company, actually ran it herself for 22 years), Lukens has been nudged out of its modest niche by the big demand. Last week President Huston announced that the company will launch a $33 million expansion program that will boost Lukens' rated ingot capacity by nearly 25% to 925,000 tons...
...begin with, Huston picked players who were not only presold to the public but pre-studied in their parts as well. Deborah Kerr played a nun in Black Narcissus ; Robert Mitchum has done no fewer than four tours of duty as a cinema serviceman. Under Huston's sharp eye, they both give good standard performances. Actress Kerr, whose makeup man went a bit too far with the cloistral pallor, sometimes looks as if she had cut her veins as well as her hair; but Actor Mitchum, even though as usual he does nothing but slob around the screen...
...Huston soon puts a stop to this sort of fiddle-faddle. All at once enemy troops arrive, and the nun and the marine are forced to take refuge in a tiny cave. To make things more explicit, the nun comes down with a fever, and the marine is forced to undress her and wrap her in warm blankets. Having landed, he now seems to have the situation well in hand...