Word: cement
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Dates: during 1950-1959
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Millions & Millions. Once in debt to the Government up to his eyeballs, Henry Kaiser has now paid off more than $244 million. Of all his enterprises, ranging from autos, cement, magnesium and steel to aluminum and houses, only his auto company, Kaiser-Frazer, is still in debt to the U.S. It owes $51 million. Kaiser has little trouble getting money from private sources. He has recently arranged for: i) a $17,-500,000 preferred-stock issue to finance the rest of his new aluminum plant, and 2) $65 million in new private financing to add a third blast furnace...
...taxes than last year, despite a 60% increase in its tax bill. Kaiser's explanation: "Efficiency." His aluminum net for nine months is equal to 12.5% of sales, v. 7.6% for the two other U.S. producers. But not even "efficiency" was sufficient, in the case of his Permanente Cement Co., to overcome higher taxes. Earnings are down 20% this year...
...Stand. Last week Holy Man Bhave, 57, reached New Delhi, took up his stand before a small grass and bamboo hut on the edge of the square cement platform on which Gandhi was cremated. Here five members of the government's planning commission, introduced by Nehru listened as Bhave argued for 1) village wells, instead of huge irrigation projects, 2) village industries, instead of mass factories, 3) increased grain production from small farms. After attending a meeting, India's ascetic President Rajendra Prasad announced that he had given his Bihar estate to Bhave. In the United Provinces, where...
...elderly housewife with a large cancer in her gullet was wheeled into a basement room in the London, Ont. Victoria Hospital last week. A big lead-cased machine, like an upended cement mixer, was swung into position over her. There was a hissing of air ducts; a small window in the big machine opened for a few minutes, then snapped shut. The patient had received one of the first series of treatments by the first "Cobalt Bomb," medical science's newest weapon against cancer...
...heard a ghostly rapping in his car, he stopped and asked a resident for an explanation. Snapped John Novak: "There is no ghost, and no child was killed on this street. We have been hearing this knock for three years-ever since they put in the new pavement of cement slabs. In the daytime, the slabs expand in the sun's heat. In the evening, the concrete contracts, and the slabs wobble when a car goes over it." The edges grate on each other, and the noise echoes in the car. Grumbled Novak: "I swear that nearly every high...