Word: 52s
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...House approved (377-0) the $33,635,066,000 Defense Appropriation Bill (which includes the President's added-starter request of $248 million for 29 more B-52s). An amendment to force on the Administration an extra $1 billion for still more B-52s was shouted down after Texas Democrat George Mahon declared that the Air Force lacked both crews and bases to cope with so sudden a production step-up in intercontinental bombers...
...early next year, build up to a rate of 2½ planes a week. Now it will get Wichita in high gear sooner, and build up to about 3 1/3 planes every week. Even so, it will still be months before the speedup shows in the number of B-52s in service because of the inevitable lead-time between order and delivery on everything from raw materials to electronic equipment. Said a Boeing engineer: "A lot of heavy forgings go into a B-52, and forging presses still aren't a dime a dozen...
...that Convair was gaining altitude again. In 1952 Convair had earned $10.4 million, its best net profit since World War II and about 35% more than in 1951. It was turning out Convair-340 airliners and finishing off orders for B-36s, which are being replaced by Boeing B-52s. Soon Convair will begin making F-102 delta-wing supersonic interceptors...
...London financial circles, traders gossiped and wondered as the stock of Selfridge's department store scooted from 31s. 9d. a share to 52s. 6d. in six months. Last week they heard the reason for the rise. Lord Woolton, chairman of the Conservative Party and of Lewis' Investment Trust Ltd., which owns a big chain of provincial department stores, had put in a $9,500,000 (?3,412,000) bid for the store. When Lord Woolton offered 65s. a share, Selfridge's Chairman Horace Holmes quickly advised his stockholders to sell. At the news, Selfridge's stock...
Following the pattern set in all meets this spring, Carl Olsen's half and mile runners swept their events, while sprinter Dick Weiskopf won both the 100 and 220 yard dashes. The '52s also took first and second in the quarter and the broad jump, and a first in the hammer...