Word: laughlins
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...semiannual $91,871,000, 13.7% higher than last year, set another record; Phillips Petroleum's profit hike of 12.3% above the previous half year, to $42,575,770, set still another high mark. Little Steel was not to be outdone. Operating at 101% capacity, Jones & Laughlin netted $12,926,000 in the second quarter, 104% above a year ago. while Bethlehem, averaging 100.6% capacity, also hit a new quarterly high of $47,006,062 (including about $5,000,000 profit from sale of stock) v. $30,755,412 for the same period last year...
...consumer tastes and trends, to f ish research, and to strive vigorously to grew." Mere size alone is no indication of how rapidly a company will grow. Between 1935 and 1953, for example, the giant U.S. Steel Corp. increased sales 397%, but smaller Bethlehem Steel grew 980%, and Jones & Laughlin 880%. In rubber, General Tire grew 1,225%, Firestone 750%, while the two biggest companies, Goodrich and U.S. Rubber, increased far less. "Certainly," said Slichter, "the changes in relative size of companies indicate that the big concerns did not get together and agree on how the market...
...Bargain. But many businessmen predicted a stable price level-or even a drop in some prices. Ben Moreell, chairman of Jones & Laughlin Steel Corp., last week called a press conference to 1 ) defend the steel price increase, and 2) argue that it would not necessarily lead to a general increase. Since early 1951, steel prices have gone up 23% but the general price index has declined 5.6%, partly be cause of lower food costs and partly be cause of improved manufacturing meth ods which cut retail price tags. Said Moreell: "We have had a stable price level for the past...
POWER REPORT by a Hoover Commission task force this week will recommend that the U.S. get out of the public power business as soon as possible. The task force, headed by Jones & Laughlin Chairman Ben Moreell, wants the Government to sell off its projects (including TVA and Bonneville), boost rates to the level of private rates, and make those who benefit from irrigation, flood-control and other water-resource projects pay more of the cost. In no future project should the U.S. contribution through loans total more than...
Married. Ann Clark Rockefeller, 20, Wellesley senior and elder daughter of Under Secretary of the Department of Health, Education and Welfare Nelson A. Rockefeller; and the Rev. Robert Laughlin Pierson, 29, Episcopal clergyman; in New York City...