Word: steeling
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Public utilities and railroads are in high feather; their stocks are rising steadily in Wall Street; they are planning elaborate and significant mergers. But industrial concerns are very much in the trough of depression, as conditions in the basic and typical steel and iron industry go to show...
Married. Miss Catherine Bernadette Farrell, daughter of James A. Farrell, President of the U, S. Steel Corporation, to Luke D. Stapleton, Jr.; in Norwalk, Conn...
...bill for lumber was $232,511,000, which was 15 per cent, of total output. For iron and steel products, $464,955,000 was spent, of which $383,990,000 went for iron and steel castings and $80,965,000 for steel rails. Purchases of copper, zinc, lead, etc., came to $57,245,000; lubricating oil and grease, $15,678,000; and cement $6,120,000. The sum of $344,394,000 was spent for miscellaneous materials, including ballast, groceries, meat, canned goods, brooms, matches, pencils, typewriters and various supplies...
...last issue of the Business Bulletin of the Cleveland Trust Co., of which he is Vice President, he reiterates his belief as to the basic character of the steel and iron industry and its tendency to increase or decrease in the general business conditions. Yet Col. Ayres does not look for any sudden recovery in the industry. As he points out, there are four great buyers of steel who absorb about two-thirds of its entire output: 1) the railroads, which buy about 25%; 2) the building industry, which takes about 15%; 3) the pipe and tank industry, using another...
...general theory that anything very bad is bound to get better, some students of business are interpreting the 45% production rate of steel ingots and other lugubrious statistics of the steel industry as evident signs that it may be "turning the corner." However this may be, only mournful sounds come out of the steel camp. Sales are said to be running only about 30% of productive capacity, and shipments have thus greatly decreased forward orders on the books. This was quite emphatically indicated by an announcement of the unfilled tonnage of the U. S. Steel Corporation...