Word: co
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Dates: during 1950-1959
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Like a sprinter on a treadmill, U.S. industry is finding that no matter how fast it runs it cannot catch up with increasing consumer demand. Last week American Telephone & Telegraph Co., which set an industrial record for yearly spending with the $1.6 billion put into expansion in 1955, announced that it was still unable to close the gap. This year, said A. T. & T. President Cleo F. Craig, the world's biggest utility will spend a staggering $2.1 billion merely to keep from falling farther behind. With 47 million phones already in service, orders for another...
...shortage-ridden aluminum industry there was the promise that supply would catch up with demand. The Aluminum Co. of America unveiled plans for a huge, $80 million smelting plant near Evansville, Ind., to turn out 150,000 tons annually, increase Alcoa's primary capacity 33% to 942,500 tons a year in 1958. When the plant goes into operation in the fall of 1957, the industry will have to expand old markets, find new ones to keep growing. But the job should not be too difficult. In autos alone the potential is enormous. Said Alcoa President I. W. Wilson...
...ahead of supply. Operating at 110% of rated capacity, Jones & Laughlin had earnings of $13.6 million, up 40%; Republic Steel's profits were at $25 million, UP 37%; Crucible Steel's at $3,680,000, up 63% over 1955's first quarter. ¶ In pharmaceuticals, Merck & Co. reported earnings of $5,200,000, Parke, Davis & Co. earnings of $4,100,000, and Chas. Pfizer earnings of $4,598,000, all between 18% and 50% higher than 1955's first three months. ¶ In the aircraft industry, rising development costs on new planes clipped 28% from Douglas...
...Memphis the International Harvester Co. has had no trouble, though it has been promoting Negroes to skilled foundry and machine jobs since the plant opened in 1948. Lockheed Aircraft Corp., Georgia's biggest employer, has been equally successful in assigning Negro workers to skilled assembly and fabrication jobs at its huge Marietta bomber plant, recently hired its first Negro engineer. In some Southern cities women office workers of both races also work desk by desk. Even in Mississippi, where former Governor Hugh White vowed last year that segregation would be preserved "until hell freezes over," dozens of industries from...
...major breakthrough toward equality of opportunity, Texas oil workers this year have succeeded in abolishing a discriminatory "dual promotion" system, under which Negroes were hired only as laborers and could not compete with white workers for operating jobs. At Beaumont's Magnolia Petroleum Co., the first company to scrap the old system, 32 Negroes have already stepped into operating jobs, while 13 whites have been hired as laborers...