Word: cyanamid
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Profitable Intangibles. Some clannish companies eventually sell out or merge: Q-Tips, for example, recently merged into Chesebrough-Pond's, and Breck Shampoo into American Cyanamid. A much larger number of successful and independent businesses find ingenious ways to overcame the hurdles. Charles Cassius Gates Jr., president of Denver's Gates Rubber Co., has led his company abroad and diversified it so widely that it now has both egg factories and a mutual fund. To overcome the disadvantages of nepotism, Seattle's Simpson Timber has ruled that the only job open to the owners' family...
Nearly every industry is setting new marks. Robust increases were reported by such varied companies as Alcoa (up 19% over 1963's third quarter), American Cyanamid (24%), Caterpillar Tractor (76%), Continental Can (26%), Eastman Kodak (39%), IBM (12%), Polaroid (83%) and Weyerhaeuser (123%). Steelmakers, who face labor negotiations next spring, were pleased but slightly red-faced about their spectacular profits: Republic up 79% , Jones & Laughlin up 97% , Youngstown Sheet & Tube...
...business hauling wines from the state's wine district. The Camino, Placerville & Lake Tahoe, which clears about $6,000 annually, services two northern California sawmills. The Virginia Blue Ridge Railway, only 17 miles long, does most of its business hauling bulk freight for a quarry and an American Cyanamid plant in the foothills of the Blue Ridge Mountains...
...about Formosa's niggling bureaucratic controls and steep interest rates (up to 30%), but many have overcome their misgivings under the lure of a 1960 tax incentive law. Socony Mobil Oil, Allied Chemical and a Chinese partner have set up a $22,500,000 joint fertilizer venture. American Cyanamid has joined with the Taiwan Sugar Corp. to set up a $2,000,000 antibiotics plant. Together with Chinese partners, Procter & Gamble is building a detergent-manufacturing plant. Atlas Chemical an industrial dynamite plant. Singer sewing machine, Harvey Aluminum and Gulf Oil plan to come in soon...
...getting in drugs, food and other goods in exchange for the prisoners. Last week the list of donors to that $53 million was being filled out; some companies had given or pledged more than they had been listed for in previous, partial lists (TIME, Jan. 11). Among them: American Cyanamid Corp., Pearl River, N.Y., $3,300,000 (instead of the previously reported $1,000,000); Richardson-Merrill, N.Y.C., $1,337,000 (instead of $155,000); Johnson & Johnson, New Brunswick, N.J., $1,011,000 (instead of $350,000); Abbott Laboratories, North Chicago, listed as contributing an undisclosed amount, gave about...