Word: sloss
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Dates: during 1940-1949
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...Packers. Big Steel has yet to report, but the little-steel companies were fat. Sloss-Sheffield's $872,398 net was up 92% over 1946; Detroit Steel Corp.'s $2,747,433 up 63%; American Steel Foundries' $1,951,439 up 71%; Continental Steel Corp.'s $641,454 up 39%. Only Republic Steel Corp., whose second-quarter net of $5,214,820 was only half that of the first quarter, showed the rise in costs the producers complained about. Even so, its $16 million net in six months was four times its profit in the corresponding...
Into Wall Street last week leaked news of one of the biggest inter-company stock deals of 1942: the purchase by U.S. Pipe & Foundry Co. of 54,500 shares of Sloss-Shemeld Steel & Iron Co. common stock from Allied Chemical & Dye Corp. The rumored price: more than...
...Pipe not only has plenty of iron, but it also has another source of revenue: based on Sloss-Sheffield's $6 annual dividend-U.S. Pipe will get $327,000 in 1943, almost 8% on its investment...
...whose steel mills were still operating at 100% capacity last week and expanding too (TIME, Nov. 25). Tennessee Coal, Iron & Railroad Co. will soon make 140-inch plate (for shipbuilding) for the first time. To crack a coke bottleneck, T. C. I. has built 73 new ovens. The Sloss-Sheffield Steel & Iron Co. planned to reopen 87 old beehive ovens unused for over 20 years...
...purchasing agents. More significant was the way individual businessmen took fire. Monsanto Chemical Co.'s Edgar Monsanto Queeny asked his board of directors for a leave of absence until November to work for Willkie's election, was refused, compromised by going on half-time and half-pay. Sloss-Sheffield Steel & Iron Co.'s Hugh Morrow announced he would raise an army of 30,000 Willkie campaign volunteers. Other typical Willkie enthusiasts: Wall Street Lawyer Arthur A. Ballantine, Armstrong Cork Co.'s President Henning Webb Prentis Jr., Chrysler Corp. Director Harold Elstner Talbott Jr., Southern Railway President...