Word: gypsum
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Dates: during 1950-1959
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...Tennesseean turned Yankee industrialist, 66-year-old Melvin H. Baker has not forgotten his Southern hospitality. Last week the boss of Buffalo's National Gypsum Co. flew out to Medicine Lodge, Kans., to put on a party for the whole surrounding county. Schools were closed, and Baker set up free ice cream, pop and rides on a miniature railroad for 1,200 children, provided coffee, cupcakes and free ashtrays (made of gypsum) for their parents...
...this circus atmosphere, Ringmaster Baker showed off his newest act-one of the world's most completely mechanized plants. Rock gypsum, mechanically scooped out 20 miles away, is mechanically loaded, hauled to the plant, unloaded, ground, mixed in a paste and sandwiched between paper. Untouched by hand, it is rolled out of the plant as finished gypsum wallboard at the rate of 90 ft. a minute. Total men needed to watch the machinery: 19. In a year, three shifts can produce enough wallboard to build a wall eight feet high from coast to coast...
...Other proponents of the plan: Housing Suppliers Charles E. Wilson (General Electric), John D. Biggers (Libbey-Owens-Ford Glass), Ben Moreell (Jones & Laughlin Steel), Melvin Baker (National Gypsum), Clifford J. Backstrand (Armstrong Cork), Lewis H. Brown (Johns-Manville), J. Philip Weyerhaeuser Jr. (Weyerhaeuser Timber...
...expected, the first order of William H. Harrison, boss of the National Production Authority, put a ceiling on business inventories to prevent hoarding of scarce materials. The broad order, issued this week, covered 32 materials, all the way from iron, steel, copper, gypsum board and industrial alcohol to burlap and nylon yarn. (Retail buyers were not affected.) Businessmen were warned not to accumulate materials "beyond what is needed for immediate production...
Other big companies followed suit. U.S. Rubber tacked a 25? extra on its regular 75? dividend; International Paper gave its shareholders a 25% stock dividend plus 75? in cash; U.S. Gypsum doubled its $1 quarterly payment. By midweek this flood of dividends had stimulated another upsurge in the stock market. The Dow-Jones industrial average reached 216.97, highest since the Korean invasion, before traders began to cash in some of their profits...