Word: bethe
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...Pleased. Beth Steel's Eugene Grace was pleased. But he was also worried. He knew as well as anyone that fat profits would heat up labor's demands for another round of wage boosts. It is better to cut prices, Grace said: "Lower prices would be beneficial to industry and the country as a whole." But Steelman Grace said nothing about cutting his prices, and neither did any other leaders of his industry...
Split-Up. Common stockholders of Bethlehem Steel Corp. voted to split their 5,000,000 shares 3 for 1. But Chairman Eugene G. Grace dispelled any hopes of a special cash dividend out of Beth Steel's high earnings: they were being salted away, he said, to "maintain a sound financial structure" and to meet maintenance charges of $90,000,000 a year...
...when it was new, had been turned over to China by the U.S. to pay a $174,000,000 reverse Lend-Lease debt. China had moved some of the surplus but it lacked the transportation to move the scrap. So it was as glad to sell as Beth Steel...
Talent with a Taint. Eddie Lewis, the narrator, is a pressagent, prey to the pressagent's stock neurosis: Shall I go on prostituting my talent for dough or shall I bravely become a Serious Writer? A nice girl, Beth, thinks Eddie should be brave, but his boss, Nick Latka, has a big thing for him to build up-a giant Argentine with a glass jaw who can be babied and ballyhooed into a heavyweight contender. This game appeals to Eddie and so does his promised cut of the proceeds, so he takes leave of Beth and swings...
...Buddy Stein, and another for doing a nose dive before El Toro. Nick has all the elements nicely calculated except his wife, Ruby, a ladylike tramp who seduces El Toro. Eddie finally gets fed up with the whole business; he realizes at last that he can't have Beth, that he has been a criminal among criminals. The novel has a wildly contrived and sentimental ending...