Word: starring
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Dates: during 1940-1949
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...trustees quietly sent the Enquirer's operating statement to "a small, selected group of well-qualified people," who were invited to submit sealed bids. Among the prospective bidders: Hulbert Taft, cousin of Senator Bob Taft and operator of the 108-year-old Cincinnati Times-Star; Chain Publisher Frank Gannett; the Ridder brothers of Manhattan and Minnesota; and portly Publisher Silliman Evans of the Nashville Tennessean. Enquirer Publisher Roger Ferger, 54, who joined the staff as advertising manager in 1920, may enter a bid himself, backed by local capital. And Newspaper Broker Smith Davis had others on the string...
...Dallas' Mercantile Bank auditorium last week, stockholders crowded in for the first annual meeting of Lone Star Steel Co. Texans were anxious to know how their first home-owned heavy metal industry (TIME, April 7, 1947) was doing. They heard the good news that Lone Star's stock, floated at $1.50 a share, was selling over the counter for as high as $7.50. Then came the bad news...
...smoked it out was Carl Estes, oilman, publisher, and one of the principal Lone Star organizers. Ailing Mr. Estes was brought to the meeting on a stretcher. While his doctor plied him with pills, he read off a ten-page blast at management for selling pig iron to outsiders at little more than half the Texas market price. Who were the buyers? Why were these money-losing deals made...
...Texas Way. President E. B. Germany ruefully admitted that the company had indeed made such deals-with Ford Motor Co., which promised to be a good, steady customer, and with Kaiser-Frazer Corp., which had advanced payment of $500,000 which Lone Star badly needed. But the deals that had set Estes ablaze were not with Ford and Kaiser-Frazer; they involved less imposing buyers...
Germany, who took over only seven months ago, undertook to explain them. To buy its blast furnace and plant from WAA last year, Lone Star had to show firm orders for pig iron. As big, established buyers were skeptical about Lone Star's chances, the company had to rely on small brokers. A typical deal: a contract with one Harry Gale, of Washington, D.C., to deliver 24,000 tons of pig iron at $39 a ton, then the current market price...