Word: biggest
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Dates: during 1960-1969
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American Rifleman is the biggest and most important of the gun magazines. The official publication of the National Rifle Association, it is published in Washington and distributed to the N.R.A.'s 800,000 members, who pay $5 annual dues and, if they are organized into gun clubs, also receive free ammunition and cut-rate weapons from the Defense Department. Since it is put out by a nonprofit organization, the Rifleman is taxexempt; in 1966, it earned a tax-free $1,365,054 in advertising revenue, 13% of it from mailorder gun houses...
Merger continues to be the name of the biggest game in U.S. business...
...Gulf & Western Industries, having further broadened its diversified operations (auto parts, mining, chemicals) by acquiring Paramount Pictures last year, moved into consumer products for the first time by reaching an agreement to buy out Consolidated Cigar, the nation's biggest cigar maker (Dutch Masters, El Producto, Muriel), in a $150 million stock swap. At the same time, Gulf & Western's young (40), acquisitive chairman, Charles Bluhdorn, sweetened his company's stock offer for E.W. Bliss Co., an Ohio-based tool-equipment manufacturer that, like Consolidated, had 1966 sales of about $158 million. If the Bliss deal goes...
...Allis-Chalmers Manufacturing Co. found itself under heavy assault. The battle was joined by James Joseph Ling, 44, chairman of Dallas-based Ling-Temco-Vought, who during a nine-day fight for control of the company had eventually made a tender offer valued at $560 million-one of the biggest ever. But by week's end, staid Allis-Chalmers, which is the area's biggest employer, had delivered L-T-V its first defeat-however temporary-in Ling's long takeover history...
Allis-Chalmers has 38,000 employees, runs 20 plants in the U.S. and Canada, is the third biggest U.S. maker of electrical and construction equipment and fourth in farm machinery. Under Chairman Robert Stevenson, 60, a minister's son who started off as an Allis-Chal mers tractor salesman in 1933, profits have more than quadrupled since 1961 to last year's $26 million, on record sales of $857 million. For all that, the company recently ran into trouble. The general slump in construction, rising production costs and a sticky three-month strike at two plants combined...