Word: youngstowners
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Dates: during 1930-1939
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...Cyrus Eaton's fight against the Bethlehem-Youngstown merger that blasted his fame & fortune. He wanted Youngstown for his own big Republic Steel but the battle was fought in the name of industrial independence for the Midwest. To finance that battle Continental Shares pledged most of its assets for bank loans. The Eaton victory was Pyrrhic. By 1931 slumping stock prices pushed his loans under water and Cleveland bankers ousted him as president in favor of George Taylor Bishop, a semi-retired financier. Cyrus Eaton disappeared from the headlines as completely as if he had died. Last week bushy...
...Cleveland where plants were booming at 77% of capacity, talk of steel mergers was sprouting again last week-sure sign of a jubilant industry. It concerned no Bethlehem-Youngstown merger but it did deal with the scattered relics of Cyrus Eaton's industrial empire-big Republic with small ($34,000,000) Otis Steel and smallish ($54,000,000) Corrigan-McKinney Steel. Interest was added to this report by the fact that a block of 50,000 shares of Cliffs Corp. which controls Corrigan-McKinney was included in the collateral that Cyrus Eaton put up for a big loan from...
...Birmingham, mills were running at about the average for the industry, in Youngstown slightly above at 48%. But what concerned steelmen most last week was prices and wages. Buyers last week found it nearly impossible to place orders for the third quarter. There were persistent reports that a 10% wage raise on July 1 would be the signal for a general upping of all steel prices...
Bulletin of Ambulant Proctology Youngstown, Ohio...
Fish were found in the Mahoning River in Youngstown last week. It was the first time in 25 years. Chemicals discharged into the Mahoning by the steel mills that line its banks for miles & miles normally kill all living things. Hot from steel mill sewage, the river has not frozen in many a puddler's memory, until this winter...