Word: kaisers
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...greeting from stockholders depended not so much on additional goodies but on whether profits were up or down. Steelmen beamed as they presented quarterly reports posting new records for sales and earnings. Armco Steel was up to $1.62 per share v. $1.43 in last year's first quarter; Kaiser Steel zoomed from 76? to $1.79 per share; both Republic Steel and Granite City Steel were ahead of 1959. As the first of the automakers to report, Ford Motor Co. foretold good news from Detroit with first-quarter earnings of $2.61 per share, up 6% from last year. Chrysler...
...Based Boom. There seem to be plenty of tourists to go around. Already all the hotels on the islands are well booked for the 1960 summer season. Last year 243,216 tourists spent $101 million in the islands, a 22% increase over 1958. Existing hotels are expanding (e.g., Henry Kaiser is adding 425 rooms to his Hawaiian Village), but not fast enough to satisfy the demand. Expansion in Hawaii is a costly undertaking because of the island's unique land situation. The federal and state governments own 42% of all the land, while 60 families own another 47%. Land...
...India's change of attitude was beginning to pay off. Americans were all over the place. After getting over their first horror at poverty and squalor, many enthused over the opportunities, and over a spirit of cooperation in the government that they had not anticipated. In Uttar Pradesh, Kaiser Aluminum and India's Tycoon G. D. Birla were about to break ground for a new $42 million plant that will more than double India's present 18,000-ton aluminum capacity. South of New Delhi, Goodyear was putting in a $12 million tire factory; Firestone...
...carries a special piece of string about as a measure to see that each is the proper distance from the other. Retired Contractor Guy Hawks, 56, of Louisville, is morale officer, who must find a missionary to hold church services each Sunday. The "postmaster" is Gene Ritchie, 61, once Kaiser Aluminum's chief engineer. "I wanted to meet people," says Ritchie, whose wife died before the trip, "and within 48 hours I knew everyone by his first name...
Like a German Malraux, but endowed with less literary talent and less luck, he touched all wars, all revolutions, all causes; born a Roman Catholic in 1897, he was by turns a boy soldier in the Kaiser's army, a student Freikorpsmann, i.e., pre-stormtrooper, a follower of the doomed German left, an anti-Hitler refugee in Paris, a political commissar with the Red forces in Spain, a refugee again in Mexico. Now this richly wounded hero of the class war, living in Mexico and blacklisted by both left and right, has returned to haunt an affluent generation that...