Word: caterpillar
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...more U.S. capital that goes abroad, the better are chances for easing the U.S. foreign-aid load. For U.S. business itself, expansion abroad is simply business foresight. Says William Blackie, executive vice president of Caterpillar Tractor Co. "The whole world is starting to consume at an accelerated clip. Americans have to face the possibility of being shut out of foreign markets unless they build plants overseas...
...Caterpillar Tractor's side-dumping bucket for crawler tractors. Unlike other buckets, it rests on the end of the rig, can tilt to 60° right or left, deliver load to truck without having tractor turn to dump...
...meet the demand, equipment-makers estimate, they will spend 26% more this year on new plants than they invested in 1956. Caterpillar Tractor Co. alone is budgeting $80 million for expansion this year to bring its postwar total to $500 million through 1960. Bucyrus-Erie Co. will boost production of excavating gear at South Milwaukee, Wis. and Evansville, Ind. General Motors will break ground this summer for an earth-moving-equipment plant southeast of Cleveland...
...upsurge in highway and heavy construction more than doubled H. K. Porter's first half 1955 net to $4,000,000 in 1956. Caterpillar Tractor Co. rolled up profits of $26.2 million, 69% above a year ago. Westinghouse Air Brake Co. nearly doubled its net to $12.5 million...
...this has required a heavy investment in money and in Eastland's time. The plantation's equipment includes 27 tractors, one caterpillar, 25 cotton trailers, 15 four-row plowing units and a vast assortment of plows, combines, trucks, balers, pickers, etc. Eastland's plantation with its equipment is worth more than a million dollars and grosses about half a million a year in sales. Working the 4,500 acres directly under the plantation manager-520 acres are worked by tenant farmers-are 84 sharecroppers (mostly Negro) and, in this season, about 30 Negro day hands. The material...