Word: laughlin
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...gloomy steelmakers, the continued rise in the economy brought hope of an upturn for them. Although production in the first week of July is expected to be the lowest this year-about 50% of capacity-steelmakers still talk of a summer upturn. As Charles M. Beeghly, president of Jones & Laughlin Steel Corp., puts it: With the gross national product at more than a $500 billion annual rate, "something has to give. Either the steel industry will be called upon to support this activity level by increased production, or this record level will not be sustained. We believe it will...
...still further before reaching bottom, perhaps to 60% of capacity or lower. Some steelmen fear that the steel industry in 1960 may not, as earlier expected, top igss's record output of 117 million tons. None of them seems really alarmed about the state of steel, and Jones & Laughlin Chairman Avery C. Adams is convinced that 1960 will still be a record year. Says he: "I'm going to stick with my prediction that we'll produce at 80% of capacity and establish a new record of 120 million tons in 1960." Adams believes that the talk...
Some difficulties on the job can be solved almost as soon as they are discovered. At Jones & Laughlin Steel, an alert foreman noticed that a worker constantly complained of back pains when he was under direct supervision, worked well when he was alone. The company's consulting psychiatrist confirmed that the man was "allergic to supervision"; he was put to work in a position of responsibility-by himself-and the pains disappeared. The boss may often appear as a maniacal tyrant to the worker who is grappling with his own problems. When a pretty Du Pont receptionist complained bitterly...
Steelmakers are not alarmed by the slump. First quarter earnings were up smartly. Jones & Laughlin, the nation's fourth largest producer, reported record first quarter earnings of $2.22 per share, a 13% gain over last year; Lukens Steel reported first quarter earnings of $2.43 per share, more than double last year's first quarter...
...John F. Smith Jr. of Inland Steel Co. estimated that 1960 steel-industry production will hit 120 to 125 million tons, down from his earlier forecast of 130 million, but still way above the previous record of 117 million tons in 1955. "Caution is in the wind," said Jones & Laughlin Steel Corp. Chairman Avery C. Adams, "because there are a few tangible signs that the early 1960 targets for the economy as a whole were set too high." Nevertheless, he expects that his company, fourth biggest steelmaker, will set records for 1960 sales and profits...