Word: harvester
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...wake of Continental's big deal, U.S. grain companies are now looking for a bumper harvest of Soviet orders. All told, the Russians are expected to buy 4,000,000 tons of wheat-150 million bushels-for some $300 million...
Sales to Russia? Manufacturers reap a $1.5 billion-a-year harvest from fertilizer, and their sales are growing 9% annually. Led by the biggest manufacturer, International Minerals & Chemical Corp. of Skokie, Ill., some 20 companies have plowed into the field, including such chemical giants as W. R. Grace, Monsanto, Allied and Du Pont. Since few farmers still rely on the less effective animal fertilizers, many meat packers-including Armour and Swift -have kept up with the times by diversifying into chemical fertilizers. Lately, half a dozen U.S. oil companies-among them, Gulf, Socony Mobil, Cities Service and Kerr-McGee-have...
...provided by the U.S. economy, was enough to tear the record books to shreds. Industrial production, the measure of what U.S. business produces, rose 7% to reach a new high. After several years of a profit squeeze that discouraged new ventures and encouraged old complaints, business reaped an unprecedented harvest of $51 billion in pretax profit. Detroit's automakers, strained almost beyond their willing capacity for optimism, not only ran up the best year in their history, but witnessed the beginning of another that held promise of destroying tradition as well as records. Steel re-exerted its role...
...Shortage. But the fact is inescapable that the general expansion of the economy has raised earnings while better equipment has lowered costs. In Midwestern harvest areas, the railroads need 12,000 more cars than they have to carry the load. At the same time, such innovations as larger freight cars, more powerful locomotives and automated yards are enabling the railroads to win back much of the market lost to truckers. Last month the Western Maryland and the Reading railroads showed off an electronic scale that can weigh individual cars in a moving train. By doing away with the need...
...addition, the Russians appear to have backed out of the race. Khrushchev has plainly stated that although the USSR will continue its moon program, it will proceed in the future at a much more leisurely pace. Recent developments within the Soviet Union such as the poor harvest make it likely that the Russians do indeed want to spend more money on improving their earthly existence and less on a race to escape...