Word: laughlin
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...military ideas and to the elevation of the public service." The weekly, which expanded its name to the Army, Navy, Air Force Journal after the Air Force became a separate arm, was willed to Washington's famed Gridiron Club of newsmen in 1949 by Colonel John O'Laughlin, its longtime publisher (and onetime Assistant Secretary of State under President Theodore Roosevelt). The club turns its profits over to a fund for indigent newsmen...
...steel and retail trade, the picture was much the same. Republic Steel Corp., the nation's third biggest producer, estimated a record six-month profit of better than $51.5 million, expects to set new highs all around for 1957 as a whole; Jones & Laughlin Steel Corp. and Lukens Steel Co. both bettered last year's records, Lukens with a 16.2% jump to profits of $2,613,666 for the second quarter. Safeway Stores, Inc. reported a second-quarter profit of $7,390,260, some 33% better -than 1956, while Macy (R.H.) & Co., Inc. predicted sales for its fiscal...
Protests & Denials. Reaction was swift and conflicting. Many steelmen had plugged for a boost ranging from last year's $8.50 a ton to $10 or more, were disappointed at the rate set by the industry leader. Said Avery C. Adams, president of Jones & Laughlin Steel Corp.: "The announced price increase is grossly inadequate in so far as covering our total anticipated cost increases is concerned." But the loudest protests came from those who thought the increase was too great-even though many had feared it would be even greater. House Democratic Whip Carl Albert of Oklahoma called...
Armco had agreed to dump the iron into its electric furnaces to see if it worked as well as blast-furnace iron in the making of steel. On hand for the important test this week, the biggest to date, were observers from Jones & Laughlin, Granite City Steel and Colorado Fuel and Iron...
...changes: 1) remaining board members may elect new directors with "less than a quorum," and 2) surviving vice presidents may succeed the president in order of seniority. Other top U.S. companies have already taken similar will-making measures, including Ford, Standard Oil (N.J.), U.S. Steel, A.T. & T., Jones & Laughlin, Du Pont...