Word: weir
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Married. Thomas E. Millsop, 56, president of National Steel Corp., fifth largest U.S. producer; and Mrs. Frances Weir, widow of David M. Weir, one of the founders of the Weirton Steel Co. (a National subsidiary); he for the third time, she for the second; in San Francisco...
...executive, Millsop lives in the workingman's neighborhood: his office door is open to any steelworker. He takes over as National's president from crusty, autocratic George R. Fink, 67, who founded Detroit's Great Lakes Steel Corp., now a National subsidiary. Board Chairman Ernest T. Weir, 78, one of National's founders, continues as chief executive officer...
...Science, Biologist Elso S. Barghoorn of Harvard tells about recent archaeological studies that have pretty well settled the question. Ancient Indian fish weirs found under Boston's Boylston Street have been excavated and their age determined by carbon 14 dating. One weir proved to be about 4,500 years old. Its position below sea level indicates that the tidal flat on which it was built has sunk about 20 ft. This works out to an average submergence of roughly six inches a century since Massachusetts was occupied by the fish-catching Indians...
Steelmen last week started making noises about a new price boost. In Pittsburgh, National Steel Corp.'s Chairman Ernest T. Weir called in reporters and told them: "The [steel] industry basically does not make enough money. Its prices are too low." Armco's President Weber W. Sebald said that his company is studying its price lists, and expects to make some upward adjustments soon. At a Miami convention of steel distributors, U.S. Steel's Chairman Ben Fairless referred to the "sub-competitive price" of steel, and said: "There's no fat left on our financial bones...
...linked Hanna's ore and coal mines with a sheet-steel plant in Detroit and Ernest Weir's assortment of steel plants in the Pittsburgh area, forming the National Steel Corp. Hanna owns a controlling interest (27%) in National Steel, and in 1951 earned $6,000,000 in National Steel dividends. In Pittsburgh, Humphrey spotted a young coal-company executive named George Love. He spent years on a carefully drawn plan to buy two Pittsburgh coal companies and form them into Pittsburgh Consolidation Coal Co.-for George Love to run. Humphrey's own account of the operation...