Word: weir
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First major product whose price was dumped in Leon Henderson's lap was steel industry's biggest raw material and key to the whole U.S. price structure (see above). Last week C.I.O. and C.I.O 's archenemy, Ernest Tener Weir, combined to make many a steel producer talk about upping his price tags...
Next day from Pittsburgh came word that U.S. Steel and C.I.O. had decided to try again. Whatever agreement was reached was to be retroactive to April 1. Half-hour before the new truce was made known, Ernest T. Weir, head of National Steel (which has no C.I.O. contract), granted employes a wage increase of 10?an hour. A 10? increase was what C.I.O. was demanding from U.S. Steel...
While the scrap dealers had less to say than usual, steelmen (who have to buy the scrap) applauded. Loudest applause came from National's Ernest Tener Weir, who demanded that the Government force the price down. He also announced a 40% increase in his Weirton pig-iron-making capacity, just in case Government efforts failed to produce enough scrap at reasonable prices. But by week's end, the price of scrap had dropped $1 a ton, was clearly headed back to $20. On one front at least, the Government-with business' help-was having...
...years steel's most spectacular moneymaker was cigar-chewing Ernest Weir, whose modern mills put competition back into the steel business. In 1940 he yielded his news value to others. Mr. Weir is a salesman, and in 1940's market all the salesmen went fishing. It was a productionman's show. Shrewd Old Dealer Eugene Grace opened his mouth just wide enough to lap up the cream of the business. He also took the lead in cooperating with the New Deal's exhortations to expand: $100,000,000 worth, half of which was Government money...
...promises, to affirm that Wendell Willkie could and would keep his promises. They heard of a promise which had not been previously heralded: that Wendell Willkie would give labor full representation in his Government; of "a reasonable hope" that three pro-Willkie, hitherto antiC. I. O. steelmakers (Grace, Girdler, Weir) "will soon execute collective-bargaining contracts with...