Word: steeling
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...Steel Corp. production went from 96% of capacity to 100%; entire industry from 96% to 98%. Jones & Laughlin Steel Corp, Pittsburgh's famed family steelmaker, declared an extra dividend...
Trading in shares of American Telephone & Telegraph last week received a new impetus when A. T. & T. closed at 2341, giving the company's 13,132,154 outstanding shares a book value of more than three billion dollars. Standard Oil of New Jersey and U. S. Steel have stock valuations of more than one and a half billion, but only General Motors ($3,675,750,000 common, and over four billion with common and preferred) exceeds the A. T. & T. figure...
...announcement of the money saved by the erection of permanent steel stands in place of the more expensive alternate solutions of the Stadium problem may well bring up the question of what this money has been saved for. At the end of the fiscal year last June the Harvard Athletic Association had on hand a balance of $393,939.72. Estimates of surplus to be added to this figure this year are upwards of one hundred thousand dollars. From the total balance of approximately $520,000.00 will be subtracted the price of the steel stands, roughly $170,000, which leaves...
...cost of maintaining temporary steel stands, aside from the original cost of the materials, would, within ten years, equal the cost of concrete stands, approximately $380,000. The estimates submitted for the maintenance and handling of temporary stands figured between $40,000, and $46,000, annually. The investment is thus, obviously, completely out of proportion to the demand raised. To put $380,000 into what will be at best undesirable seats, used only on four or five afternoons of the year, would impede the possibility of any future developments, aside from being a little ridiculous in itself...
...other hand, permanent steel stands with an original cost of $170,000 will still leave the subject open to consideration some time during the next ten years, while the need is temporarily met at comparatively low cost. Of the three types of construction that have been debated for several months, the concrete could not be constructed to duplicate the material and appearance of the present horseshoe, nor would it have the potential scrap value of the steel. The salvage of the steel will to some extent compensate for the unsightly appearance that this structure will present for a few years...