Word: pittsburgh
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Dates: during 1930-1939
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This meant cuts of from $2.50 to $8.50 a ton, brought prices back to the pre-1928 days. As striking as this news was another aspect of the reduction: prices at Big Steel's Birmingham and Chicago plants were for the first time lowered to the Pittsburgh level. Announced reason for the change: "Increased production facilities and greater diversification of products" in these two steel centres. To the steel trade, however, it meant that Big Steel, sniped at by non-union independents since it made a wage contract with C.I.O. and pinched by their price concessions had finally abandoned...
...were bitterly at odds over a demand by Rabbi Stephen Samuel Wise and his American Jewish Congress for a referendum on whether an all-inclusive agency should be formed to defend Jews' rights. Last week 38 grave Jewish leaders, called together by Merchant Edgar Jonas Kaufmann, assembled in Pittsburgh to talk over a compromise. By day's end they had found one, which was quickly ratified by the four big organizations-American Jewish Congress, American Jewish Committee, Jewish Labor Committee and B'nai B'rith. They agreed to form a joint council to co-ordinate...
...Carnegie International show in Pittsburgh last autumn, visitors in the German room stopped before an arresting painting that Critic Edward Alden Jewell described as "beautiful, breathless, haunted and haunting." It was Along the Shore, by a 33-year-old Munich artist named Edgar Ende, and although it won no prize, many a visitor wondered about the work of the artist who created its sombre vision of gloomy sky and water, its statuelike group of horses...
Forest. As Mr. Rice showed it, Alcoa's management ever since the company was founded in 1888 as Pittsburgh Reduction Co. has been dominated by one idea: to control every last sale of aluminum in the U. S. Its success, claimed the prosecutor, is indicated by the fact that a $100 share in the company in 1890 has by now yielded a par value of $8,760, that some $100,000,000 has been paid in cash dividends in the past 48 years, that Alcoa admittedly controls 100% of the virgin aluminum production in the U. S., that everyone...
...families own 51% of Alcoa's stock, Andrew Mellon, though dead now, was listed as a defendant last week. Actual suit in this anti-trust case was brought by Homer Cummings more than a year ago (TIME, May 3, 1937). Alcoa fought it with an injunction by a Pittsburgh judge on the ground that the monopoly accusation had been settled by the 1912 consent decree. It took a U. S. Supreme Court decision and a set of minor court skirmishes to get Alcoa finally to court in Manhattan last week for the main show. Nonetheless, Alcoa asserts...