Word: demands
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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...
...Goodrich Chairman John L. Collyer announced a $200 million plant expansion in the next five years, nearly $60 million more than in the last five. Youngstown Sheet & Tube, already committed to a $40 million outlay in two years, is pressing so hard to keep up with rising steel demand that it is considering tacking another $20 million onto the total...
...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...
...still the second-best first quarter in the company's history. ¶ In chemicals, Union Carbide & Carbon Corp. touched new high ground with first-quarter sales of $310 million, up 18%, and earnings of $36.2 million, up 28% over 1955. ¶ In steel, demand was still racing far 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...
This fall, the boon was on! Eliot House announced the formation of its Drama Group to produce plays meeting the demand for an "intimate theatre;" Adams House went beyond the traditional scope of House productions to present Alcestis in Sanders Theatre and its Music Society gave Virgil Thomson and Gertrude Stein's opera The Mother of Us All. The Eliot group gave three productions this year, The Tempest, Richard II, and The Merchant of Venice, all of which were very favorably received...