Word: co
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Dates: during 1950-1959
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...boom of new factories, apartment houses and skyscrapers are the new concert halls and opera houses going up to keep pace with the ever-growing music audience. In the U.S., Architects Wallace Harrison and Max Abramovitz are at work on plans for a new home for the Metropolitan Opera Co. in Manhattan's Lincoln Square development. A $2,000,000 opera house has been projected for Colorado Springs by Architect Jan Ruhtenberg which features sculptural shell concrete forms with adjustable walls that can be thrown wide open to empty a full house (3,000) in 1½ minutes. Abroad...
...Liederhalle. The result is a windowless, concrete, ear-shaped main auditorium (capacity: 2,000) with as many curves as a Stradivarius. On the right wall hangs a cluster of boxes, below a buttonhook-shaped balcony that begins at orchestra level, becomes a raised balcony on the back wall. Says Co-Architect Adolf Abel: "The layout not only makes more sense acoustically but it helps to relax the audience...
Where Sales Are Low. In the few industries with slow sales, inventories are being controlled by cutting production. General Electric will lay off about 2,500 TV-set workers for a week because stocks are higher than sales. Bates Manufacturing Co. will close a big synthetic textile mill at Androscoggin, Me. in April; Berkshire Hathaway is running nine combed-cotton mills at 60% to 80% capacity...
STOCK CONTROL of Britain's automaking Standard Motor Co. has been quietly bought for $4,900,000 by Canada's farm equipment giant, Massey-Harris-Ferguson, Ltd., which may turn Standard into Europe's biggest farm-machinery producer. Besides its Standard, Vanguard and Triumph cars, Standard is producing 100,000 Ferguson tractors annually under license deal. Massey holds 18½% of Standard stock, the biggest bloc...
...FREIGHTER-BUILDING program will be subsidized by Government. Maritime Administration is negotiating to replace entire 54-ship fleet of Lykes Bros. Steamship Co. with fast (18 knots) freighters that could be used in national emergency. Deal calls for up to 53 dry-cargo ships to be built in private yards over 20 years with Government paying half of the estimated $500 million cost...