Word: beech
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Nearly 5,000 miles from familiar forests, the traveling New Zealand naturalists were delighted to find that they might well have been tramping their own woodlands. There in the rain forests of southern Chile were vast stands of beech, remarkably similar to the trees of their native land. The damp Chilean glades were greenly upholstered with ferns and mosses almost exactly like those that grow in Australasia. Even swarming insects looked the same as the insects of home. How did delicate plant and insect life ever make the difficult migration across great southern oceans or the hostile icecap of Antarctica...
...behind the Skymaster is Cessna President Dwane L. Wallace, 49, a lean, rawboned management pilot who drove Cessna ahead of Beech Aircraft Corp. as the No. 1 maker of private planes for the first time in 1959 (TIME, April 27, 1959)- Though Cessna's total sales of $103 million were down 2% for fiscal 1960 (year ending Sept. 30), owing to a drop in military orders for Cessna's air force training jets, there was no slackening of demand for private planes or in the pace of the company's diversification...
...than the commercial airline fleet, and 30,000 small planes are used by business alone. In its 32 years. Piper has produced nearly 54,000 civilian planes, more than any other company. It now accounts for one-third of all private aircraft produced, although its chief competitors, Cessna and Beech, are ahead in dollar volume. Last year Piper sold $40 million worth of planes, ranging from its two-seat, single-engined Super Cub ($7,880) to its de luxe, twin-engined Aztec ($55,000). Though sales are holding up, Bill Piper expects profits to be down somewhat this year because...
American Steel Foundries hit a $1.05-a-share pace, nearly triple its 1958 performance. Beech Aircraft profits soared 63% ($1.41 a share v. 88?) on a 49% rise in sales, and Diamond Alkali Co. chalked up earnings of $1.03 v. 88? for last year. In Manhattan, Chairman George Romney led off the auto parade by announcing that American Motors pre-tax quarterly earnings were "considerably higher" than the $21 million earned a year ago, although the net may be less, because last year American Motors still had a loss carryover to offset taxes...
...there is a hard core of national brands that the private labels have never been able to copy successfully. These include Campbell's soups, Heinz's Ketchup, Gerber and Beech-Nut baby foods, Betty Crocker and Pillsbury cake mixes, Kellogg and Post cereals, General Foods' JellO, and Hellmann's mayonnaise. Explains Pillsbury Co. Vice President James Rankin: "Where much research, refinement and technology are needed, the private brands lag behind. Because we keep up quality and are always sure of enough research on new products and enough advertising to tell the public about them, we have...