Word: co
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Dates: during 1950-1959
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...Wall Street Henry Clay Alexander, chairman of J. P. Morgan & Co., called for a tax cut of $5 billion or more as the real spur to economic activity. Such a cut, said Alexander, "is the course of prudence in today's circumstances. Our economy is as much a weapon in the struggle for survival as our rockets and our missiles...
Back to a Lost Art. Most of the talking was done at an economic mobilization conference sponsored by the American Management Association in Manhattan and organized by Charles H. Percy, president of Bell & Howell Co. Conference theme: what can businessmen do to meet the challenge of the recession without leaning on tax cuts or other Government help? The principal way to fight the slump, said Percy in his prepared speech, is to "produce better values -and do it fast." His company moved up by a year the introduction of nine new products, reduced prices to attract customers, planned...
...long before the recession, are on the rise. International Harvester reported its best April farm equipment sales since 1955; sales for the six months ending April 30 were up 5% over 1957. "The tractor business is ahead of last year for everyone," said Milwaukee's Allis-Chalmers Manufacturing Co. The most dramatic comeback has been staged by J. I. Case Co., which lost $2,845,027 in the first six months of fiscal '57. "Now," says Case's President Marc B. Rojtman, "we're in the black for the first six months of fiscal...
...other side of the dial was shown last week by Elgin National Watch Co., the nation's biggest fine watchmaker, which makes some 200 models in a $34.75 to $150 price range. For 1957, Elgin reported a net loss of $2,442,076 v. a $671,380 profit the year before. Sales were off 26% to $31.1 million, and President J. G. Shennan said solemnly that he could not predict "an immediate return to profitability...
Many a company has helped along the restoration boom. New Jersey's Scandinavia Belting Co. still makes transmission linings for the Ford Model A and Model T. In the East, at least three major wheelwrights make wheels for the oldsters. Western Auto Supply. Sears. Roebuck and Montgomery Ward market parts for the Model T. Firestone Tire & Rubber sells several thousand antique tires a year, priced up to $67.55 each (for the Stanley Steamer and Stutz...