Word: gypsum
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Dates: during 1960-1969
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Short Fall, High Bounce. Many other companies also boosted dividends. Jersey Standard added a nickel, fattening the pocketbooks of its 665,000 owners by $11 million. Boeing, Brunswick and U.S. Gypsum also announced raises. In all, dividend payments by U.S. corporations are expected to grow from an annual rate of $14.3 billion in the third quarter to more than $15 billion in the fourth...
...rapidly with wire and metal rods, allows his construction to grow almost as if it had a goal of its own. If the construction does not please him, he can correct or discard; if it does, he fills it in like flesh over bones with a plaster made of gypsum and iron powder...
Industrial development agencies have found that one of the most valuable investments they can make is a complete survey of a depressed area's facilities and natural resources. A geological survey of the area around Freedom, Ind. turned up the presence of gypsum; it took little urging to persuade a gypsum mine and mill to locate in the area. More and more depressed communities are setting up training programs to re-educate workers for new jobs. Pennsylvania spends $500,000 a year retraining unemployed workers. Though it costs about $140 to train one worker over a course of several...
...great charm, with a knack for making profit for his companies when all about were losing theirs. The son of a prosperous Michigan lumberman, Avery got his law degree from the University of Michigan in 1894. By 1905, at the age of 31, he was president of U.S. Gypsum. He built it into one of the biggest U.S. building-material suppliers, and, convinced in the late '20's that the U.S. economy was headed for a depression, so prepared U.S. Gypsum to weather it that the company was able to show a profit every year...
...midst of the desert of Texas, hit the headlines across the world in the '20s with "Oil, 10? a barrel, water $1," I drove across the trackless sand with tires deflated toward two men near a Dodge coupé with a broken axle and mired in gypsum sand up to the running boards. One was an unshaven, booted, leather-jacketed oilfield-lease hound named Allen; the other, Sir Henri Deterding, immaculately dressed in English tweeds, with a pipe and a diamond stud, and a diamond twice as large in a ring he wore. I said, "Sir Henri, this must...