Word: aircraft
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Dates: during 1950-1959
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...were. Though Studebaker-Packard's work force had been cut 10%, men still on the job dug deeper, came up with exactly the same as last year's total: $67,000. In jittery Detroit, Ford's workers boosted their average contribution from $20.02 to $24.35. Northrop Aircraft's payrollers in Los Angeles raised their contribution to the local A.I.D. chest from $269,000 last year to $307,000 this fall. So it went in Fort Wayne, Ind., Seattle, Cincinnati, Beaumont, Texas-a total of 162 cities now running 2.3% ahead of last year despite the first...
Traces from Space. A longer-range project is a monster balloon 400 ft. high that will rise some time next summer from the deck of an aircraft carrier and soar to a height of 23 miles (120,000 ft.). Below it will dangle an aluminum cylinder containing 600 specially designed photographic plates in a stack 2 ft. high and 21 in. wide. The balloon is expected to stay up for 48 hours. When it descends, a swarm of airplanes and ships will track it and rescue the cylinder...
...less than $25 a share numbered nine of the week's 15 most active stocks. Rumors of stock splits, and resulting lower prices per share, also sent higher-priced stocks spiraling; last week Pfizer drug rose from 93¾ to a high of 102½, and Lockheed Aircraft from 56⅜ to a high of 62 on reports from the companies that they were considering splits. The low price of the mutual funds (about 90% are selling under $25) is a big reason for their appeal, although the funds, in turn, drive the market higher by buying large blocks...
...company also hoped to save $500 a week; it now saves about $1,000 a week on the process. Now Topp's Micro-Path division, headed by Thomas F. Johns, is out showing the machine to U.S. industry. North American Aviation wants four of the machines; Hughes Aircraft is interested in using the machine on a 20-ft. lathe to drill and rout its Falcon missile. There may be other uses beyond machine tools; Du Pont is investigating to see if the controls can be used to run chemical-mixing processes...
...Micro-Path System promises to be the hottest product marketed by Topp's two founders. President Bernard F. Gira and Executive Vice President Herbert J. Peterson. After working as purchasing agents in the aircraft industry, the two joined forces in 1955 to make electronic instruments for the missile age. They turn out instruments that tell an aircraft's angle of attack, compute its Mach number electronically, time and program the firing of its rocket armament; there is even an instrument to measure the structural-material erosion of missiles at hypersonic speeds. With a second division making radios...