Word: laughlin
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Dates: during 1940-1949
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...steelmaker was happier about the nature of this boom last week than the industry's No. 4 unit, 90-year-old Jones & Laughlin Steel Corp. For four uncertain years J. & L. has been slightly out of step. Its plants are all in the long-suffering Pittsburgh district, headquarters of heavy steel. Its preferred-stock arrearage has grown from $21.25 then to $43.50 a share now. Its new (in 1936) boss, up-from-the-mills Horace Edgar Lewis, has had to be tough. He tried to balance J. & L.'s heavy wares by building a gigantic strip mill...