Word: cincinnatis
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...your story discussing the cyclical machine-tool business [Nov. 1], you included the following: "Carl L. Sadler, president of Cincinnati's Sundstrand Corp...
Financial Obstacles. Few appreciate the situation better than Michael Palmer, 29, a resident at Boston City Hospital. More interested in treating a variety of wounds and ailments than in research or specialization, Palmer helped set up the Cincinnati Free Clinic while serving a two-year hitch with the U.S. Public Health Service. Eventually he would like to participate in a prepaid group practice in the inner city, though he realizes that financial obstacles may well force him to shelve his ambition and settle in the suburbs. "Nothing in this area is going to be ready for me by the time...
...York City Opera, Rudel is now also music director of Washington's new John F. Kennedy Center. As if that were not work enough, he is also consultant to the Wolf Trap Farm summer festival in Vienna, Va., and is music director of both the Cincinnati May Festival and the elegant, intimate Caramoor summer festival in New York's Westchester County...
That would be a healthy rise for most industries, but it is hardly enough to make up for the worst depression in the tool trade since the 1930s. "It's always feast or famine in this business," says Carl L. Sadler, president of Cincinnati's Sundstrand Corp. Orders for machine tools plunged from a high of $1.7 billion two years ago to some $900 million last year, and they will dip to about $750 million in 1971. Because the industry makes the machines that make other machines, it is carefully watched as a sensitive indicator...
...investment tax credit should boost lagging sales, and the 10% surcharge on imports should reduce competition from Europe, Canada and Japan. Yet even assuming that the new Nixonomics work, the industry's leaders see no real boom in the near future. Says Michael Sheu, marketing manager for Cincinnati's G.A. Gray Co.: "We're not expecting more than 7% to 9% in real growth next year...