Word: cranes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...fallen on hard times, and his specialty is modernizing them. Last week Tom Evans, chairman of Pittsburgh's H. K. Porter Co., Inc., an industrial combine with assets of $57 million, added another heirloom. He took over as board chairman and chief executive officer of Chicago's Crane Co., the nation's largest manufacturer of valves, fittings and pipes, in a shake-up of 104-year-old Crane's management...
Evans cast his collector's eye on Crane in the fall of 1957, when the company's sales were slipping from a record $394 million in 1956 to $378 million. He began buying up stock, asked to get on the Crane board, but was turned down. As Crane sales dropped to $336 million in 1958, Evans decided that the time was ripe to move, called in Proxy-Battler Alfons Landa, boss of Penn-Texas Corp., to help...
Stock Control. Hoping to avoid a proxy fight, Evans and Landa persuaded Gurdon Wattles, chairman of Electric Auto-Lite Co. and a Crane director, to back them with 322,900 shares of Crane stock owned by Auto-Lite. They also went to Mrs. Emily Crane Chadbourne, 89, only living daughter of Crane's founder, explained that Evans' chief argument with Crane President Neele E. Stearns was over Stearns's slowness in expanding the firm's inadequate network of independent wholesalers. Proof of Evans' complaint was Crane's first-quarter earnings (23? per share...
Repairs costing about $20,000 will be completed within four weeks on the crumbling bricks of Memorial Hall. A crane was used to remove the cap stones so that workmen can reach the bricks...
Councillor Edward A. Crane '35 introduced the order, which also asks the Chief of Police to provide a report of accidents which have occurred at the intersection, and a rush-hour traffic count...