Word: tener
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Dates: during 1940-1949
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While the scrap dealers had less to say than usual, steelmen (who have to buy the scrap) applauded. Loudest applause came from National's Ernest Tener Weir, who demanded that the Government force the price down. He also announced a 40% increase in his Weirton pig-iron-making capacity, just in case Government efforts failed to produce enough scrap at reasonable prices. But by week's end, the price of scrap had dropped $1 a ton, was clearly headed back to $20. On one front at least, the Government-with business' help-was having...
This was one Roosevelt measure which Republican Steelmaster Ernest Tener Weir welcomed. He even thought it overdue. Moving his never-lit cigar from mouth to desk, he glowered: "It is too bad that the Administration did not see fit to heed the repeated warnings of businessmen against the continuous, large-scale exportation of scrap. . . . Even now, since the embargo is not effective until Oct. 16, exportations can continue for more than two weeks. With scrap-steel stocks already so badly depleted, I can see no justification for the delay...
Walter Sheldon Tower, successor of Ernest Tener Weir as president of American Iron and Steel Institute. His job: consultant on the steel industry...
...months' purchases at the rate of the last two years. Trade authorities agreed this amount was above Italy's normal needs (200,000 tons a year), was obviously headed for her (or Germany's) war chest. Steel men recalled that National Steel Corp.'s Ernest Tener Weir, in behalf of the industry, had two weeks ago demanded that exports of U. S. scrap be limited. Such regulations need not hurt the Allies, who buy mostly finished steel and steel products, but to impose it now would be about as useful as locking a barn door...