Word: mesta
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Dates: during 1930-1939
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United Engineering & Foundry rivals Mesta Machine Co. for the position of largest U. S. maker of steel mill equipment, has assets of $15,500,000 and a 1938 profit of $3,192,000. It built the world's first semicontinuous strip mill for American Rolling Mill in 1926, claims to have produced more of this revolutionary steelmaking machinery than all its competitors combined. President Ladd, a curt, crisp oldster who likes deep-sea fishing and gardening at his estate in Coraopolis Heights outside Pittsburgh, got his job in 1928, immediately began centralizing United's plants and invading foreign...
Japan has several lumbering German-made rolling mills of the type outmoded by the U. S. continuous strip process, and it has one 43-in. continuous hot and cold strip mill (not yet operating) sold it by United and Mesta Machine. But it has no way, except by U. S. purchase, of replacing any parts in this continuous mill or of building another. In theory, its new purchase from United will end some of these deficiencies. Actually Japan will still depend upon the U. S. for tailor-made ball bearings and high-grade forgings which are beyond Japanese imitative technology...
...companies. Last week, sitting in Philadelphia, Judge Joseph Whitaker Thompson granted Canco's plea for a temporary injunction against SEC pending further arguments, this time on the constitutionality of the Securities Exchange Act. Only other pending challenge of the 1934 Act was filed recently by Pittsburgh's Mesta Machine, builder of steelmaking machinery...
Engaged. Lorenz Iversen, sixtyish, Danish-born president of Pittsburgh's moneymaking Mesta Machine Co. (TIME, March 4), widower, father of five; and one Fleda Foust, fortyish, of Pittsburgh...
...thanks to Daughter Helen Iversen Dixon for identifying her father in one of his rare photographs and for supplying an authentic description of his speech. The man at the centre of the Pittsburgh University Club party, whom TIME erroneously labeled as the president of Mesta Machine Co., was Jerzy Matusinski, then Polish Consul at Pittsburgh, now Consul General in Manhattan. Last week President Iversen reported that his company earned $1,517,250 last year from making steel machines, promised stockholders a full capacity year...