Word: built
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Dates: during 1950-1959
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Replacement costs alone are high. This year, for example, it will cost U.S. Steel $64 million to replace a worn-out open-hearth furnace built in 1930 at a cost of $10 million. It took sales of $600 million, one-seventh of U.S. Steel's total, says Chairman Blough. to earn enough profit after taxes to pay for the furnace. To pay for expansion in the next five years, U.S. Steel will reinvest earnings of $220 million annually, the profit on about 56% of its sales, will use another $140 million from cash set aside for depreciation...
...borrowed. As it is. says Chairman Ben Moreell. the company held dividends to 62½? per share on record first-quarter earnings of $2.09 per share, with the rest going into expansion. Expansion beyond the next few years will be even tougher for steelmakers. Entirely new plants must be built from the ground up, at as much as $350 per ingot ton. v. $100 to $200 per ingot ton for expansion in existing plants...
...stores, studied population trends and home-building statistics to spot his new supermarkets. As the U.S. family moved to suburbia, Shield also packed up, moved his staff and executive offices out of downtown Manhattan to the heart of a shopping center in mushrooming East Paterson, N.J., where he built a glass-and-cut-stone emporium that chain-store experts refer to as "a mecca for supermarket operators." It is not only a thumping success in dollar sales, but it has become a handy proving ground for every new product and promotion idea...
...challenge of guided missiles last week lured Ford Motor Co. The company set up Aeronutronics Systems Inc., a new subsidiary incorporated in Delaware, built around a nucleus of 30 top scientists and engineers formerly organized as Systems Research Corp. of Los Angeles...
Captain Ken Rossano held the Quakers to five scattered hits and a lone sixth inning run, as his teammates built up an early 7-0 lead for an easy victory. Dom Repetto pitched the ninth inning as Rossano left for a pinch-hitter...