FOLLANSBEE STEEL mill will finally be moved to Gadsden, Ala., after a battle with the townspeople of Follansbee, W. Va. and a last-minute bid by Cleveland Financier Cyrus Eaton (TIME, Sept. 27 et seq.). By a vote of 360,442 to 25,212, Follansbee stockholders have agreed to sell their money-losing company with its $5,000,000 in liabilities for $9.3 million to Manhattan's Frederick Richmond. He, in turn, will sell the mill and inventories to Republic Steel Corp. for the move south, expects to make a fine profit.
PIGGYBACK TRANSPORT of truck trailers on railroad flatcars is...
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