Word: american
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Dates: during 1950-1959
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FIRST TELEPHONE CABLES between continental U.S. and Puerto Rico are being laid under 1,250 miles of ocean, in joint project by American Telephone & Telegraph Co. and International Telephone & Telegraph Co., at cost of $17 million. Deepest cable in the world (five miles) will be ready for use in February 1960, replace current radio circuits and allow direct dialing for most calls...
...CUSTOMERS will increase to 44.5 million by end of 1970 v. 31.2 million in 1958, predicts American Gas Association. Industry expects its plant and equipment nearly to triple in value to $49 billion by that time and total sales to reach $11.8 billion, v. $4.6 billion...
...convert all its stores to self-service by 1961, reports that sales automatically double when customers realize that they can shop faster, more easily and more cheaply at self-service. Two years ago, Paris' big (14,000 sq. ft.) Ternes-Alimentation grocery store decided to try out the "American discovery" by spending $240,000 on a self-service system for their customers. It will be rewarded this year with estimated sales of $1,600,000, compared with a pre-modernization gross...
...American Airlines Captain Walter Steiner bought Milwaukee-based Precision Gears, Inc. from his family in 1950, has built it into a $500,000-a-year company, which will soon move into a new factory...
...American Airlines Captain Don Tillett bought the Sitton Septic Tank Co. of Chicago for $35,000 four years ago, increased the gross to almost $130,000 last year...