Word: steelmen
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Some, however, do not think. Others think and discreetly do nothing. But out of the concern of a few churchmen for the welfare of tough-hided steelmen arose the war of Church v. Steel. Last week a long truce in that war was broken, and decisively broken, by the Church...
...darkness like monuments of hardened fire. Thus steel to the steelworker. But to the steel-tycoon, to U. S. business & finance in general, it is gold that melts in the furnace and earnings that spark from the spout. To Hoboken this week went the most potent of steelmen for the annual stockholders' meeting of the most gilded of steel companies. Had all U. S. Steel Corp. stock owners attended, those present would have totaled 100,000. Most, however, stayed at home; all knew that the main business of the meeting was to increase authorized common stock from...
Among famed steelmen not at the U. S. Steel meeting was Charles M. Schwab, onetime (1901-03) U. S. Steel president, now board chairman of Bethlehem Steel, second largest steel producer. Chairman Schvvab and President Eugene Gifford Grace had held their stockholders' meeting earlier in the month. President Grace had at that time told Bethlehem stock-holders that Bethlehem's March output was greater than its rated capacity, that (recently resumed) dividends on common should continue uninterruptedly. U. S. & Bethlehem. Great is Bethlehem Steel; greater is U. S. Steel. Bethlehem has a capacity of 7,900,000 ingot...
...Steelmen expected, last week, to find their industry in its customary, unalarming summer doldrums. With surprise and pleasure, therefore, they noted that mighty U. S. Steel Corp. reported unfilled orders (traditionally significant) on June 30 of 3,637,009 tons, an increase of 220,187 tons over May. They noted further that July production was at 75% of capacity, a high average for midsummer. And Carnegie Steel was anticipating even better business by raising prices of steel products $2 a ton, returning to the price levels of the early part...
Seeking explanations of this happy situation, steelmen considered: 1) new automobile models; 2) Ford Motor Co. expansion; 3) record farm implement business; 4) purchase of 65,000 tons of rails for Northern Pacific, Great Northern, etc.; 5) active building construction, particularly in New York...