Word: feeder
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...Million Gamble. Fairchild risked $25 million to develop the plane, needs 200 orders to break even on its rising costs. Last week President Boutelle was almost halfway home, with 95 orders from 14 small feeder lines. The first production model is scheduled to be delivered to West Coast Airlines (which has ordered six) in June, to be hauling passengers by early September, thus beating Lockheed's bigger Electra as the first U.S.-built turboprop in scheduled operation. By year's end Fairchild hopes to have at least 40 planes, built under license from The Netherlands' Fokker...
...Chicago stockyards last week Iowa Cattle Feeder Joe Dingman sold a twelve-ton load of 20 prime-fed Aberdeen Angus steers for $9,492.60. The price was a near-record 39? per lb., highest since 1952 and far more than the 27? per lb. that prime beef brought a year ago. Other beef prices climbed as much as 1½? per lb. last week, and the average-grade steer brought about 28? v. 21.7 the same week in 1957. This was good news for beef raisers, glum news for beefeaters. Each 1½ boost will bring almost a 2? rise...
...mile line from Iran's Qum field (TIME, May 6) to Turkey's Mediterranean port of Iskenderun, and the two nations have offer of financial help from U.S. investors headed by Wall Street's Allen & Co. Prospect is that Iraq will hook into line via short feeder pipe, thus bypassing Syria...
Flying missionaries is only one of the chores of the twelve U.S. pilots and six U.S. mechanics who operate the institute's airline. Between missionary jobs, the line operates for a profit. It takes oilmen into the interior on charter, serves as a jungle feeder line for the Peruvian army's air transport. Rates are moderate, but in a year the S.I.L. can gross some $35,000 from charters. It needs the money, for this airline consists mostly of planes it did not pay for, and of pilots it does...
Mohawk Airlines, a feeder line chiefly serving New York State, hired Ruth Carol Taylor, 26, of Manhattan, and next week she will begin training as the first Negro stewardess on a scheduled U.S. airline. She is the second Negro to be hired for passenger flight duty (the first: Pilot Perry H. Young, 38, of New York Airways helicopter service). Ruth Taylor, Boston-born, attended Elmira College, graduated as a registered nurse from Manhattan's Bellevue School of Nursing, worked as a nurse for the New York City Transit Authority before signing on with Mohawk...