Deals & Developments

Steel Wages Off. Employes of Empire Steel Corp. recently refused to accept a 5% reduction, balked at another 10% reduction in wages. Harassed, Empire went into receivership (TIME, June 8).

Last week the employes, fearful of no wages at all, voluntarily suggested to the receivers that their pay be cut 5%.

McClintic-Marshall. When young Howard H. McClintic and Charles D. Marshall started a fabricated steel business in 1900, backed by Andrew William Mellon, their first order was for the Marshall Field store in Chicago. Last week McClintic-Marshall, now a Bethlehem subsidiary, received a 25,000 ton order for the new Marshall Field Estate office building, Chicago, which will be 42 stories high. The steel will be shipped by freight, not by express as was done for the first order.

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