Word: veeder
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Dates: during 1950-1959
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...program was started by autocratic Board Chairman John N. Marshall, who died last April at 59. It is being carried on by a hard-driving management team, led by President and Board Chairman Nicholas P. Veeder, 48, that is out to prove that the little fellow can still compete successfully with the giants. By stepping up the productivity of existing facilities, the company has managed to hold down the cost of expansion to $67 a ton, v. up to $150 for other steel companies that had similar programs. While other firms laid off workers during the recession. Granite City Steel...
...Highs. Steel earnings were also beginning to come back. Jones & Laughlin's President Avery Adams predicted third-quarter earnings will be 81? a share v. 47? in the second quarter. Nicholas P. Veeder, president and chairman of Granite City Steel Co., which is operating at nearly 100% of capacity, estimated third-quarter earnings at just over $1 a share for the best quarter in the last five. Said Veeder: "By the end of 1959, we expect to be up to the rated capacity of 1,584,000 tons yearly predicted for the end of our current expansion program...