Word: steelman
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Last week, just before leaving Washington, Franklin Roosevelt took a hand in the controversy. He called in ex-Steelman Stettinius, told him he wanted less talk about steel and more steel. Weighing on his mind were such facts as this: if the railroads were at last to start buying equipment in a big way. the Government, to give the railroads priority in steel, would have to curtail civilian sales & employment. This week Stettinius' materials division rushed work on its final steel report to be handed to the President when he returns. Meanwhile the National Resources Planning Board fortified...
...godfather, T. C. I. Last week, as Alabama steel mills roared at 100% of capacity (Iron Age said 109%), tall, redheaded, reticent T. C. I. Chief Robert Gregg announced the 18-month expansion which will boost his pig-iron capacity more than 20% to over 2,000,000 tons. Steelman Gregg will add one blast furnace (boosting Alabama's active total to 191, renovate 18 standing open-hearth furnaces, build 70 coke ovens, install a 140-inch plate mill, modernize all mining operations...
Many a seasoned steelman, looking at Rustless' clean new plant, wondered how this little company dared quadruple output while some industrial mammoths shunned expansion, now found themselves faced with rationing old customers for lack of capacity. One explanation is "Tut's" business philosophy: "Lower costs, lower prices, and your selling base is broadened." Whenever this policy failed to produce results, "Tut" turned salesman, left his plain, wood-paneled office, soon brought back a bulging order book. On "Tut's" customer lists are American Rolling Mill (which now owns 48.6% of the common stock, but lets Tuttle...
...decline to accept for long the law of destruction forced upon them by wielders of brute force. Always they seek . . . to find again the faith without which the welfare of nations and the peace of the world cannot be rebuilt." To the Vatican as his special envoy he sent Steelman Myron C. Taylor. At that time much hope was built on the Vatican lining up on the side of the democracies. But World War II spread further. Last week the Vatican appeared to be working out its own policy...
Last week big, hearty, 51-year-old ex-Steelman Harry Woodhead, chairman of Vultee Aircraft (military planes), announced that his company would buy Stinson Aircraft Corp. (private planes). The price: 302,168 shares of Vultee, or about $2,265,000 at the market price of Vultee stock...