Word: good
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Dates: during 1930-1939
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...machine tool industry-which makes the machines with which other industries make goods-is no monster economic unit. In a peak year it may gross $200,000,000, about as much as the automobile industry (cars and trucks) grosses in an average month. But it is a key unit -when other industries stagnate it stagnates, when others expand it is busy. For ten years the machine tool industry has lived mainly on orders from 1) the automobile industry; 2) foreign buyers (British, Japanese, German) who wanted to make goods at home instead of buying from the U. S.; 3) more...
...muggy morning in 1932, a 33-year-old Maryland real estate man named Sterling Grover Harris (who had made a good thing of buying Eastern Shore lands from farmers, reselling to rich Northerners) wandering around the Chesapeake Bay fish-docks, found a Negro shoveling savory blue crabs into an incinerator. No slugabed, Businessman Harris poked his nose into the crab industry, found 1) that blue crabs will keep for only a few days in ice, 2) that they had never been canned successfully, because their flesh turned a poisonous-looking blue...
...steam shovel, grubbing gravel from the Kenton, Ohio, pits for the roadbed of the new Chicago & Atlantic Railroad (now Erie). Irritated by repeated breakdowns of his crude machine, he built a model of a better one, showed it to farm machinery maker Edward Huber. Practical Mechanic Huber knew a good thing when he saw it. He got together with Inventor Barnhart and Hayman George W. King, founded the Marion Steam Shovel Co., began turning out the "Barnhart shovel...
Today the industry has $332,500,000 of unfilled orders for the U. S. and foreign governments, and good-sized commercial orders. Douglas for example last fortnight got orders totaling $3,000,000 for DC-3s from American Airlines, Chicago & Southern Air Lines, and Braniff Airways, recently sold $3,000,000 worth of big DC-4s to United Air Lines. Lockheed has an order for $180,000 worth of commercial planes for Venezuela-possibly a precursor of other big South American orders...
...profit; last year the company was back in the red, almost $500,000; last week Marion's big, handsome, conservative president, James Hatton Waiters, a crack salesman (who had been on the verge of recapitalizing the company), suddenly observed that apparently Marion was about to have a "very good year...