Highway Construction Boom Lifts Shovel Crane Firms Outlook
Chauncey B. Smythe, president of Thew Shovel Co, predicts rising business as the nationwide road building program boosts demand for heavy cranes and shovels. The firm, a pioneer since 1899, expects full production to accelerate once industry supply catches up with builders.
MENTIONED IN THIS ARTICLE
Singhi
Laul Spindler
Shovel Co
Thew
Chauncey B. Smythe
Thew Shovel Co
Richard P. Thew
Former Elyria Newspaperboy Now Executive Leader at Thew
Sump, once a Chronicle Telegram carrier in Elyria, has risen to oversee standards, methods, plant layout and material handling at Ford's Cleveland Engine Plant. The Thew firm, with plants in Lorain and Elyria plus a Bucyrus factory, sells machinery nationwide via 140 distributors and 128 export outlets. The company, rooted in Sump's invention lineage, began with a revolving shovel concept that transformed ore handling and heavy loading across highways and docks.
MENTIONED IN THIS ARTICLE
Yttin Lorain
Elyria
Bucyrus
Thew
Smythe
United States
Canada
Vis Industries
Sump
Ford
Cleveland
New-York
American Material Handling Society
Troy
Albany
A.M.H.S
Incorporate
Society Of|tion
Automotive Engineers
American Institute of Industral Engieers
Industrial Management Society
Labor Scene notes unemployment trend and 1893 shovel firm
The Labor Scene analyzes unemployment, noting above average levels despite official and expert commentary. It cites a Labor Department release suggesting near term improvement and mentions the formation of The Automatic Shovel Co in 1893 with F. A. Smythe as first president, Chauncy Smythe succeeding him.
B and O Railroad Income Drops in October Report
The Baltimore and Ohio Railroad showed a October net income decline of 1,415,870 from 1953, with a net profit of 31,036,580 for the month and 11,666,518 for the first ten months of 1954. Operating revenues fell short of last year by 291,322, and gross ten month revenues were 75,784,949 less than 1953. Smythe serves as vice president and general manager. Universal Crane Co. began from F A Smythe during WWI, later becoming Thew Shovel Co. and Lorain line products. The Elyria plants employ 180 workers in four buildings, with four-times growth since 1943. The firm anticipates continued expansion.
MENTIONED IN THIS ARTICLE
Baltimore and Ohio Railroad
B and O
Thew Shovel Co
Unemployment trend report cites auto reliance and regional declines
The department reports 149 large labor markets show a downturn in insured unemployment with 21 areas posting declines of 24 percent or more. Detroit Cincinnati and Providence are noted centers. The rise in employment appears tied to auto industry demand, suggesting a temporary downturn if diversification stalls. Secretary Mitchell proposes a model unemployment compensation law to modernize benefits. In Ohio, a decision on the C no sponsored petition may come soon after the new year, keeping the issue in focus.
MENTIONED IN THIS ARTICLE
Xyeport
Detroit
Cincinnaty
Providence
Ual
Mitchell
Ohio
Stilo
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West Virginia
Kentucky
New Jersey
Maine
Oklahoma
Indiana
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Paul Spindler
Sind
Department of Labor
Thew Automatic Shovel Co
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Jerry) Cote
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