Word: payoff
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...Payoff. Third-quarter earnings range from strong to sensational. Compared with last year's third quarter, Armco Steel and Youngstown Sheet & Tube more than doubled their profits; Republic's earnings were up 54% and Jones & Laughlin's an awesome 862%, to more than $7,000,000 in the quarter. Inland Steel raised its quarterly dividend from 400 to 450, the first dividend increase by a major steel company in two years. The industry's two biggest companies, U.S. Steel and Bethlehem, are also widely expected to report higher earnings...
...billion next. Last week National Steel opened a $100 million hot-strip mill near Detroit, and in Kentucky, Armco Steel brought in two new oxygen-process steel furnaces and started pouring iron from the largest blast furnace in the Western world (daily capacity: 3,340 tons). The payoff from such new facilities as U.S. Steel's five basic oxygen furnaces now building in Duquesne, Pa., and Gary, Ind., will come later...
...SHOT LUNCH. Busmessmen are supposed to show "more than a general expectation of a direct business benefit" from entertaining a prospect, but the payoff need not come immediately. Caplin stressed that a prospect can be wined and dined on the 100-to-l chance that a contract might follow...
...Payoff. There is, of course, a chance that the hostile Congressman might win the primary anyway-and then, his party split, go on to lose to a Republican in November. This prospect does not bother the Administration one bit. To get rid of a Southern Congressman who, by reason of seniority, has stood as a formidable roadblock to Kennedy programs, the Administration is willing to risk a Republican taking over-at least for a couple of years, after which the Administration would hope to win the place back with a Democrat more in its own image...
...Walsh has run B.C. since 1958 with the aim of proving that a Catholic college can produce impressive numbers of Catholic intellectuals. To get better students for its all-male liberal arts school, B.C. is scouring the nation's blue-chip Catholic high schools for bright kids. The payoff is an honors program of students with average college board scores in verbal and math aptitude of 707 and 712. This year's overall freshman class tops rival Holy Cross with average scores of 605 and 625. To lure its whiz kids, B.C. last year shelled out more than...