Word: co
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Dates: during 1950-1959
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HUNTSVILLE, ALA. (610-636 alt., est. 55,000 pop.), Madison Co. seat; 5 mi. from U.S. Army's Redstone Arsenal, Ballistic Missile Agency, Ordnance Guided Missile School; 2 R.R. lines (Southern Ry., Louisville and Nashville R.R.); 2 airlines (8 fits, out dly., incl. drct. srvce. to N.Y., Wash., Chi., Atlanta, Miami); Accoms.: 3 hotels, 21 motels; Local bus fare: 10?; Swim: muncpl. pools; Fish: Tenn. River; Yrly. evnts.: Catholic Festival (Aug.), co. fair (Sept.); i-hr. pkng. Imt. dwntwn.; Avge. temp.: 74.6 deg. summer, 50 deg. winter...
...Depression almost left one-industry Huntsville a ghost town. Says a longtime resident: "If you could stand on the courthouse steps with as much as a dollar in your pocket, you were the richest man in town." Huntsville's big boom began in 1950, when Wernher von Braun & Co. arrived to start making Army missiles at Redstone Arsenal, a World War II shell-loading installation that had been taken out of commission...
...initial capitalization of $38 million, chiefly from U.S. investors, American Petrofina, which is controlled by the Belgian parent company through its control of the board of directors, bought control of Texas' Panhandle Oil for $25 million in 1956, and in 1957 picked up Texas' American Liberty Oil Co. for about $32 million...
Died. Henry ("Pete") Salomon, 40, moving spirit, producer and co-author of NBC's high-rated, 26-week teledocumen-tary, Victory at Sea; of a cerebral hemorrhage; in Manhattan...
Movie theater owners, who have long warned that films on television are destroying Hollywood, got some startling statistical support last week. The bad news, contained in a report on movie-going by Business Analysts Sindlinger & Co.: since the TV screens last fall started to flicker for fair with movies, average weekly theater attendance has dropped 7,000,000 from 1956 figures, and theater owners have taken a $50 million loss at the box office...