Word: steeling
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...cargo of the Vestris. Included were: 650 cases automobiles, 600 shipped by General Motors Co. to Montevideo: 240 cases automobile accessories; 68 cases typewriters: 86 cases cash registers: 31 cases truck chasses: 58 cases tractor parts; 66 tractors: and in varying amounts, railroad materials, furnaces, gas engines, steel office furniture, motorcycles, divers hardware. There was considerable mail, including diplomatic correspondence with U. S. consular agents...
Charles Michael Schwab arose at the American Institute of Steel Construction, in session in Mississippi, and said: "Boys, listen to the old steel master from Bethlehem. I am getting old [66]. ... I have learned a lot since I started as a boy with Mr. Carnegie. I learned a lot about steel, but more important I learned a lot about life. Ah, that is the thing. Be happy. . . . When my time comes to die I do not want to be surrounded by granite and marble. I want to be amidst steel, beams and 'Ls' where I have been happy...
Investors made yet another calculation. Even more significant than General Motors in the eyes of many a businessman are the reports of the mighty U. S. Steel Corp., now ending its first full year under committee management. As everyone knows, the mantle of the late, great Elbert H. Gary was rent into three parts. The first part fell on John Pierpont Morgan as Chairman of the Board; the second on Myron Charles Taylor as Chairman of the Finance Committee; the third on James Augustine Farrell as President. Last week, this triumvirate of tycoons announced quarterly earnings...
Nine months' earnings of U. S. Steel totaled $140,015,494, or $8.17 a share. Expected earnings for the full year would be about $11. By the Raskob formula, the stock's value should approximate $165. Actually, U. S. Steel closed on the stock exchange, last week...
...With Steel confirming the "15x" theory, did investors hold General Motors cheap at 222, rush to brokers with orders to buy? Prudent investors consulted prudent stockmarketeers. They learned: 1) that the "15x" formula might justify itself in a strong bull market, but that it could not be maintained in a slump; 2) that many a sound, conservative stock, undisturbed by pools, sells at 10x or 12x; 3) that 5-year earnings are safer guides than 9 months or a year...