Word: youngstowners
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...producer of sheet steel. Its only sheet plant is at Sparrows Point. Md.. where 130,000 tons can be turned out annually against U. S. Steel's 2,000,000. Bethlehem was blocked in its attempt to get a major sheet producer when negotiations with Youngstown Sheet & Tube were dropped. But last week it planned to buy small Seneca Iron & Steel Co. which makes 120,000 tons of sheet steel a year, also some stove and specialty sheets. Seneca is located at Buffalo, buys its sheet bars from Bethlehem's Lackawanna plant. It has assets...
General Dawes last week could have heard little but gloom from his steelmaking friends. The Chicago mills lost ground together with all others except those in the Youngstown district. Ingot production hovered around 18% of capacity. Detroit, which had been at 81%, fell to 75% and Pittsburgh was barely able to hold at 15%. Automobile production, with the exception of Ford, seemed about to slow up last week and Iron Age predicted many plants would be idle during the summer. The week's production was 52,560 units, a small gain over the previous week but 21% below last year...
...Ulrich, Schenectady, N. Y.; J. E. Whitesell, Eagle Rock, Virginia; Thayer Scholarships: A. I. Abell, Eldorado, Ill.; J. A. Jenkins, Oak Park, Ill.; A. G. Marshak, Woodhaven, L. I., N. Y.; J. C. Miller, Taooma, Wash.; L. A. Wilford, Cambridge, Mass.; Gorham Thomas Scholarship: C. B. Moke, Youngstown, Ohio; Townsend Scholarships: J. M. Pratt, Pittsburgh, Pa.; J. F. A. Rick, Jamestown, N. Y.; W. S. Weedon, University, Va.; Nathan Weiner, Roxbury, Mass.; R. M. Wiles, Truro, N. S., Canada; University Fellowships: E. C. Abbe, Ithaca, N. Y.; F. A. Arlinghaus, Cheviot, Ohio; R. M. Baum, Hamilton...
...Youngstown Sheet & Tube...
Echo. An echo of Frances T. Wick et al. v. The Youngstown Sheet & Tube Co. et al. still reverberated in the Ohio courts last week. Frances T. Wick et al. were the complainants through whom Cyrus Stephen Eaton halted the merger of Bethlehem Steel and Youngstown Sheet & Tube, and so doing caused his own downfall (TIME, May 4, 1931 et seq.). The echo was an action by which Youngstown's minority sought to force the company to pay them the $1,000,000 they spent in legal fees and other expenses of the original action. Last week they were...