Word: weirton
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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...
...those who are worried lest a booming U.S. industry drag this country into war, two important executives have recently provided strong words of reassurance. Colby M. Chester, president of the General Foods Co., and Ernest T. Weir, head of the big Weirton Steel Co., have both issued statements within the past month to the effect that "American business does not like war because it knows that war is bad business." They went on to say that industrial leaders in this country realize that a war boom is disastrous in the long run, and that they would act accordingly...
...Great Debate had split Big Business as it had split party lines. Such men as Ernest Tener Weir of Weirton Steel, who sees no sense in costly plant expansion to make munitions for profits the Government will then confiscate, moved to support Vandenberg. But Washington lobbies were thick with the agents of Big Business, plugging embargo repeal furiously over the fumes of free cigars. And such business-sensitive newspapers as the Wall Street Journal and the New York Herald Tribune were hailing their onetime target, Franklin Roosevelt, and sniping anti-repealers...
...factories at Buffalo and Sparrows Point, Md., for example, had to cut their price for steel plate $2 more than did Big Steel in order to equalize freight difference and the effects of removing price differentials. Bluff Chairman Ernest Tener Weir of National Steel Corp., whose modern plant at Weirton, W. Va. now is distinctly at a disadvantage, sputtered that the price reductions "would be extremely costly." Little Wickwire Spencer Steel Co. was said to have protested to Washington that it might not be able to survive. Detroit. Cleveland, Sparrows Point. Md., and Middletown, Ohio, overnight became basing points...
When reprints of the Mill & Factory article began to be distributed by Weirton Steel Co. in Weirton and elsewhere last month, one reader who got hopping mad was the NLRB's Chairman J. Warren Madden. Last week in Washington Chair-man Madden signed an NLRB subpoena ordering Editor Barclay to turn over by Monday to a trial examiner in Steubenville, Ohio, across the Ohio River from Weirton, all the material used in preparation of the offending article including ''communications," written or spoken, that had passed between Editor Barclay, ConoverMast Corp. which publishes Mill & Factory, and some...