Word: humping
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...heavy feeding of richer sales and earnings. Yet many investors are buying such stocks as U.S. Steel, Montgomery Ward, Libbey-Owens-Ford for the long pull. Says San Francisco Investment Broker George Davis of Davis, Skaggs & Co.: "These stocks are being bought by men with eyes over the hump, while the others are all moaning about 'what...
...burden alone. Says President Newton I. Steers Jr., of the Atomic Development Mutual Fund, Inc. (assets: $45 million), a onetime AEC official and longtime private-power advocate: "There isn't a reactor manufacturer in the U.S. who doesn't favor Government assistance to get them over the hump...
...hump is the fact that conventional U.S. power is so cheap-and nuclear power so expensive-that the U.S. itself has no pressing domestic need for a crash program. Thus, AEC orients its program toward the laboratory, has considered well over 100 different ways of producing nuclear power, and is concentrating on small experimental reactors to test the most likely methods. AEC hopes to foster an industry producing possibly 95 million kw. of nuclear power by 1980, or 25% of the estimated total power demands of the U.S. But U.S. industry is learning, to its sorrow, that there...
...takes over as Deputy Chief of Staff for Operations. "Terrible" Tunner, impatient, coldly efficient, has made his biggest mark as a top transport troubleshooter. West Pointer Tunner headed up the wartime Air Transport Command's ferrying division, later brilliantly steered the arduous Burma-China supply shuttle over "the Hump," the 1948-49 Berlin airlift, and the combat air supply in Korea. (A Tunner-made motto: "We can fly anything, anywhere, anytime.") The job of European Air Force boss was Tunner's first all-round command, broadened his background to make him a top-echelon candidate...
...Corp. Chairman Benjamin F. Fairless, chairman of the institute, also predicted a rise in steel capacity that may top the 1956 increase of more than 5,000,000 tons. Most steelmen were confident that 1957 will equal or surpass 1956 in production. "I believe we're over the hump," said Armco Steel Corp. President R. L. Gray. "Things look better; incoming orders are picking up; inventories are down to where steel consumers have...