Word: youngstowns
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Inland Steel. Second largest in Chicago district. Plans to merge with Youngstown Sheet & Tube suddenly dropped...
...Youngstown Sheet and Tube Company showed 145% increased earnings, and I do not suppose this includes Mr. Shearer's payment...
...steel-man, on its di rectorate, has made extraordinary progress during the past year. After a somewhat in-and-out period from 1923 through 1927, the company acquired Trumbull Steel Co. in February 1928. In April 1928 it got able Elmer T. McCleary to leave the vice-presidency of Youngstown Sheet & Tube Co. and become its president. Soon earnings began a steady climb. The 1927 net had been about $3,000,000. The 1928 income (with eight months of Trumbull) was $4,642,000. The first six months of 1929 showed net profit of $6,140,435, almost four times...
...Youngstown Sheet & Tube Co. is third largest steel company, though far behind Bethlehem. After a good 1926, bad 1927, good 1928, it has broken all peacetime records in 1929. First six months of 1929 have almost equalled the entire year of 1928. Comparative figures: six months 1929, $10,537,373; six months...
...Power purchasers. Cyrus Eaton is called "rich as Mellon" by Clevelanders. Whenever anything really big seems to be stirring in Northern Ohio, rumors mention his name. Last week's Eaton utility rumor stirred up another, older rumor-merger of Inland Steel Co. (Chicago) and Republic Iron & Steel Co. (Youngstown), both strongly held by Cyrus Eaton...