Word: beeches
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Dates: during 1950-1959
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...York companies that have made a mint from nickel candy decided last week that life would be even sweeter under one corporate wrapper. Life Savers Corp., whose 14 candy flavors earned $2,750,000 last year, agreed to merge with Beech-Nut Packing Co., third biggest U.S. chewing-gum maker (after Wrigley, American Chicle). The merger, still to be formally approved by directors and stockholders, was a logical move for both companies. Life Savers was eager to expand. Beech-Nut, which also makes baby food, coffee and peanut butter, had been unable to fatten its profit margin: only...
...Noble is expected to be top boss of the merged company, Beech-Nut Life Savers Inc. W. Clark Arkell, 68, Beech-Nut board chairman (and son of Founder Bartlett Arkell), will have stock control, with some 10% of the 3,500,000 shares. Beech-Nut stockholders will get 1.2 shares in the merged corporation for each Beech-Nut share; Life Savers stock will be traded in on a share-for-share basis...
Cessna Aircraft Co., fast overhauling Beech as the biggest U.S. producer of private planes, last week went into jets. The Air Force announced that it would buy more than 140 of Cessna's trim, twin-jet basic flight trainer, the T-37. Cost: $26 million...
...sharply reducing the flight hours necessary to qualify a cadet for supersonic fighters and bombers. Flight cadets will drop 90 hours of prop training in North American's T-28 trainer, take the stick of the Cessna jet after only 40 hours of basic piston-engine flight in Beech's Mentor (T-34. In the T-37, instructor and student sit side by side instead of tandem. With 150 hours in the T-37, the student can step up to Lockheed's T-33, quickly graduate to supersonic F-100s. By 1960 the Air Force expects...
With wild hopes but grave doubts, seven musicians gathered in Wichita, Kans. and laid plans to start a symphony orchestra. From the employees of Wichita's aircraft builders (Boeing, Beech) and the friendly musicians' union local, they managed to collect $300. They wrote letters to some 70 other musicians in nearby towns, asking them to play the first year without pay. The infant orchestra rehearsed in a hotel ballroom, where the players had to sweep the floor themselves. That was eleven years ago. Today, the Wichita Symphony has an $80,000 yearly budget and not even the local...