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...clearly dominant. The company eventually encompassed 22 acres, on which 2500 hogs a day were slaughtered. The glass industry, which once dominated the area, moved out in the 1800s, but there were plenty of factories left--Revere Sugar, Goepper Brothers, which produced barrels, the American Net and Twine Co., Dow fertilizer, even Lockhart & Co., manufacturers of caskets. By 1846, East Cambridge had 4000 people, "a healthy balance of commerce, industry and professionalism, no one activity dominating the others," according to one historian...
These additional expenses have forced more and more U.S. companies to pull their executives out of overseas posts. Within the past four years, RCA, Boeing, AT&T and General Electric have substantially reduced the number of Yankees that they employ abroad. After Dow Chemical's Pacific subsidiary discovered that U.S. tax laws alone cost the company $17,000 a worker, it cut back its U.S. staff in Hong Kong from 36 to 24. At the same time, it increased its total employment by 50% by hiring less costly employees from other countries...
...about 70 miles southeast of Indianapolis. But in the park, there is a dry, mud-caked ditch, and the trees along its banks are dead. Inside a wire fence, an acrid scent brings tears to visitors' eyes. Some of the tidily stacked barrels bear household names: General Electric, Dow Chemical, Shell Oil, Monsanto. Paint sludges collect in sticky red and green pools on the porous ground, and such chemicals as arsenic, benzene, toluene, trichloroethylene and naphthalene ooze from rusty barrels. Near by, two former dairy trucks, one still bearing the faded invitation DRINK REFRESHING MILK, contain dangerous chemical wastes...
...Dow Jones industrial average rose another 8 points last week, continuing its four-month bull market. A Wall Street rally had been anticipated earlier this year, but no one could be certain when the upturn would begin. Investors have thus increasingly turned to popular stock market newsletters that tell them which stocks to buy and when. The hottest tip sheet of them all is the Granville Market Letter, published in Holly Hill, Fla., by Joseph E. Granville, 57, a controversial market theorist who has combined a good record for calling major stock moves during the past six years with...
When Joe Granville talks about the market, lots of people listen. Wall Street sages credit him with whipping the Dow singlehanded into the 31-point stampede on April 22 that started the current bullish mood. A day earlier, the 1,500 subscribers who paid an extra $500 a year for Granville's special early warning service received telephone calls predicting a sudden rally. When word hit New York that the high priest of Holly Hill was telling people to buy, money professionals jumped into the market in anticipation. Crows Granville: "I don't think that I will ever...