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...Erie Mining Co., jointly owned by Bethlehem, Youngstown and two smaller companies, has operated a pilot taconite plant near Aurora, Minn, since 1948, is building a $300 million plant that will start up in 1957, will have a 7,500,000-ton annual capacity...

Author: /time Magazine | Title: MINING: Bottomless Pit | 2/27/1956 | See Source »

Died. Charles P. Gaither, 88, developer in 1901 of an early automobile (the Fredonia B-68, which won a 500-mile New York-Boston-New York race in 1902) and an early half-tone newspaper engraving process; in Youngstown, Ohio...

Author: /time Magazine | Title: Milestones, Dec. 19, 1955 | 12/19/1955 | See Source »

...many a corporation, earnings were the best ever. Pacing the parade was the steel industry, helped by heavy orders from the auto and construction industries. Although U.S. Steel and the other giants were still to be heard from, the first 15 steel companies to report all had higher earnings. Youngstown Sheet & Tube earned $10,031,014 v. $6,081,216 during 1954's second quarter. For the same periods, Crucible Steel earned...

Author: /time Magazine | Title: EARNINGS: Second-Best Year | 8/1/1955 | See Source »

...inflation? Last week, as a scattering of price increases showed up in the wake of the steel price increase two weeks ago, many a businessman feared that it was. Philco Corp. warned that high raw material and increased labor costs "are contributing to another round of higher production costs." Youngstown Kitchens announced a10¼% boost in factory prices. Dun & Bradstreet, which asked 1,104 businessmen what they intend to do about prices in the last quarter of this year, reported that 26% said they expected to raise them (in April, in answer to a similar question on third-quarter prospects...

Author: /time Magazine | Title: STATE OF BUSINESS: Is Inflation Coming? | 7/25/1955 | See Source »

...pace our vacations ... so they will not interfere with production. I would be sur prised if we don't go through the third quarter at 100% of capacity." Grace an nounced that even though the Justice Department has disapproved of a plan to merge his company with Youngstown Sheet & Tube on the ground that it would restrict competition, the two companies are going ahead with their merger plans. If they do merge, said Grace, the new company will add 3,000,000 tons to the capacity of Youngstown mills...

Author: /time Magazine | Title: STATE OF BUSINESS: Fair Weather Ahead | 6/6/1955 | See Source »

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