Word: laughlin
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...decline in quarterly earnings and a 34% drop for the half-year, to $84.6 million. Second-biggest Bethlehem reported a half-year profit drop of 28%, to $66 million. Third-ranked Republic was off 26% for the half-year in earnings, and Inland, Armco, Crucible, Wheeling and Jones & Laughlin came in with similar returns...
...this seems to have been the pattern in recent metal price hikes. When the leading U.S. copper companies, which had also been pressured into rolling back price hikes in 1965, announced 2?-a-lb. increases two weeks ago, Washington merely grumbled. Thus encouraged, nine steelmakers last week followed Jones & Laughlin Steel Corp.'s earlier lead in raising prices on tubular products by averages of 2.5% to 3%. At the same time, the price of molybdenum, an alloy agent used in strengthening steel, was raised 3.7% by two leading producers. In view of all the activity, the aluminum increases...
Divorced. By Ann Clark Rockefeller Pierson, 32, elder daughter of Nelson: the Rev. Robert Laughlin Pierson, 40, Episcopal clergyman jailed after a 1961 Jackson, Miss., sit-in; on grounds of "incompatibility of temperament"; after eleven years of marriage, four children; in Juarez, Mexico...
Steelmen faced much the same paradox as automen: pinched profits amid strong sales. Among the six major steelmakers reporting for the third quarter last week, higher earnings were registered by two-Bethlehem and Jones & Laughlin-and lower earnings by four -National, Armco, Inland and, most significantly, U.S. Steel. That giant's profits were off 14%, to $62 million, but its directors raised the quarterly dividend from 500 to 600, and they would not have done so unless they felt that the company could comfortably stick with the higher dividend. Industry analysts expect that steel production this year will reach...
Adams, fourth-seed in the tournament, defeated Penn's Clay Hamlin in the first round, 3-1, but then bowed to Larry O'Laughlin of Pittsburgh, 15-10, 15-12, 15-10. O'Laughlin, a tough veteran, was unseeded because of insufficient data...