Word: olin
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...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 - ½?10 a Ib. by Alcoa, Alcan, Reynolds, Kaiser Aluminum and Olin Mathieson-seemed almost anticlimactic...
Gordon Grand Jr., President, Olin Mathieson Chemical Corp...
...water, although they have nominated two possible cup defenders. One, the 1958 winner Columbia, is undergoing "extreme alterations" in San Diego. The other: Intrepid, which will be skippered by Emil ("Bus") Mosbacher, the victorious pilot of 1962, will not be launched until April. Intrepid was designed by Olin Stephens, creator of Columbia and of the 1964 winner Constellation. In a pinch, Constellation might get a second call. Though she is now owned by The Netherlands' Pierre Goemans, she has been leased as a "trial horse" by the Intrepid syndicate, and can thus fly the U.S. flag. The Aussies...
...tenth since 1926; it meant that an investor who bought 100 shares for $2,750 when IBM was founded 52 years ago would now have 19,231 shares worth $9,557,800, along with $586,300 in dividends. Speaking of dividends, such corporations as Borden Co., Olin Mathieson and American Tobacco raised theirs last week on the strength of sturdy earnings. Even Jersey Standard, whose earnings slipped 1½% to $1.04 billion last year, felt secure enough to raise the quarterly dividend from...
...Olin Mathieson acquired most of this industrial spread at its birth in 1954, when Olin Industries merged with Mathieson Chemical Co. It has only lately begun to master it, particularly since Gordy Grand, 48, took over as president and chief executive last April. New Jersey-born, educated at Yale ('38) and Harvard Law School, Grand became G.O.P. counsel to the House Ways and Means Committee in 1948, became such an expert on taxation (he is currently president of the Tax Foundation) that Olin Industries Founder John Olin hired him as assistant in 1953, promoted him to vice president...