Word: steels
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...lead the world in genius for invention, efficiency and utility. There is no reason why we cannot eventually do so in the genius for art and literature." With such hearty optimism, a steel baron named Joseph Green Butler Jr. founded an art institute in Youngstown, Ohio 39 years ago. To set the strictly American tone of the place, he planted a befeathered bronze Indian in front of the $500,000 colonnaded building designed by the Manhattan firm of McKim, Mead & White. With Youngstown University near by, the two blocks surrounding the museum soon developed into the cultural strip...
Illinois Institute of Technology's Ludwig Mies van der Rohe, 72, architect of stark, skeletal glass and steel skyscrapers. Widely reckoned to be one of this century's three most influential architects (with Frank Lloyd Wright and Le Corbusier), German-born Mies was trained as a stonemason. He headed Germany's revolutionary Bauhaus group of artists and architects from 1930 until Nazi pressure forced him to close it in 1933, migrated to the U.S. in 1938. Popular renown came, along with occasional harsh words from Wright and other critics, with Mies's design of Illinois Tech...
...suddenly turned mum. The aluminum makers, who once discussed a boost as of Aug. i, when they must automatically raise wages, last week said they had not made up their minds what to do. At week's end, steelmakers still could not decide about their prices. One small steel firm knew what it had to do. The Alan Wood Steel Co. of Conshohocken, Pa., which had announced price increases averaging $6 a ton in the belief that big companies were ready to do so, rescinded its increase "to stay competitive...
Half a dozen other big companies also reported second-quarter earnings last week. As expected, steel and autos were still in rough shape. Lukens Steel reported sales down 17% (to $51 million), profits off nearly 50% (to $3,000,000) for the first six months of 1958. Ford Motor Co. was even worse off. Its earnings dropped 77% to only $22.7 million in 1958's first quarter, thus failing to earn the 60? dividend. Last week the company gave stockholders more bad news. It cut its dividend to 40? per share, raising speculation that it might have...
Businessmen are often confused by the contradictory actions of the U.S. trustbusters. Last week they had even more reason for confusion. The Federal Trade Commission ruled last month that a merger would not tend automatically to create a monopoly even though it gave 45.6% of the household steel-wool market to one company, Brillo Manufacturing Co. But last week the Justice Department sued to break a deal that would give 21% of the detergent market to Lever Bros...