Word: backlog
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Kahn client that has been waiting for a Treasury green light before building new factories. On Kahn drafting boards last week were $7,000,000 worth of normal orders. The Wright and other pending jobs would give him some $12,000,000 more. With a backlog of $19,000,000, Kahn would be close to his all-time high. He expects to double that by November. As he had been in the twenties (his office does 10% of all U. S. private industrial construction), Albert Kahn was once again becoming a "one-man building boom...
...still passes on every one. Fifty different buildings may move, conveyor-belt-wise, over his desk in a day; he remembers their smallest details. Recently, A. K. celebrated the quickening pace of his business by giving shares in it to 25 old employes. If Defense booms his backlog as he expects, his fees should top $2,000,000 this year. Once a year Factory-Builder Kahn makes a concession to his artistic (10%) nature. He takes on a residence, and the firm, geared to turn out industrial designs on a mass-production basis, loses money on the job. Usually...
...merger news in aviation's his tory was Floyd Bostwick Odium's proposal two months ago to turn over $37,000,000 in capital (securities, cash) of his big Atlas Corp. for new stock in Curtiss-Wright Corp., owner of the No. 1 U. S. aircraft& -engine backlog (TIME, April 1). Announced by Mr. Odium with the approval of Curtiss-Wright's President Guy Warner Vaughan, this super-Burbank financial tree-grafting took Wall Street by surprise, filled at least one class of Curtiss-Wright stockholders with articulate alarm...
...line was many another plant, if not for its own product at least for farmed-out orders, or for aircraft parts. To labor, to the overworked machine-tool industry, to instrument makers like Sperry and Pioneer, to accessory builders will go an undetermined slice of the business. With a backlog of around $900,000,000 in unfilled orders, the aircraft industry is too busy to worry about who gets every dollar & cent...
...Johns-Manville, insulating and renovating other men's long-idle plants, ripped through its biggest backlog since...