Word: pig-iron
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...RUSSIAN PIG-IRON shipment of 2,500 tons is being purchased by U.S. firms for 20% under the domestic price. Budd Co. is testing 600 tons, which it has bought for castings...
Today, when the fuzz is cracking down and the rubes are wising up, some 2,300 country fairs still draw nearly 85 million people, support about 350 traveling carnivals. The big shows employ up to 500 people, pay top wages ($125 a week for pig-iron operators, as much as $2,000 for big-name acts), keep their owners in the top tax brackets. The little 40-milers (trailer shows making short jumps between towns) sometimes let a Colonel Alter save something more than a Philadelphia bankroll, sometimes are hard put to buy groceries. But big shows or 40-milers...
...back. Representing his fellow Ruhr industrialists, Alfried Krupp von Bohlen und Halbach was taken on a tour of Turkey's mines and factories and lavishly feted. He promised to spend 71 million marks ($17 million) on a new blast furnace that would more than double Turkey's pig-iron production. Excited Turkish newspapers headlined that Krupp "might" also finance a bridge across the Bosporus, "might" build a railway to Iran (he did say that he would be happy to furnish some of the equipment). German willingness to spend in Turkey partly results from Germany's $2 billion...
...General William Morris Hoge, 63, will become board chairman of Cleveland's Interlake Iron Corp., nation's No. 1 independent pig-iron producer (sales: $125 million), filling a post vacant since 1951, when Leigh Willard died. A West Pointer ('16) with a civil engineering degree from M.I.T. ('22), topflight Army Engineer Hoge served under MacArthur as first chief of the Philippine Corps of Engineers (1935), built the Alcan Highway (1942), was a member of the group that planned and operated Omaha Beachhead on Dday. He also commanded the armored division that captured the Remagen Bridge (first...
Further expansion in most industries, said he, will push capacity beyond the goals set for defense needs. From now on, no more write-off certificates will be given for 26 types of expansion. Among them: aluminum plants, steel-ingot and pig-iron facilities, airports, diesel locomotives and ore carriers. But Flemming increased some other goals. Among them: commercial aircraft, research and development laboratories, copper plants...