Word: last
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Dates: during 1950-1959
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Gathering in Canberra last week to celebrate their tenth year in office, the leaders of Australia's Liberal Party looked upon their nation's economic progress with warm and prideful eye. Said Prime Minister Robert G. Menzies: "The whole face of the land is being changed. No other country of comparable size or population in the world is so busy building its future." On the same day, a crowd of 1,400 in Sydney watched the opening of a $3,300,000 plywood factory spreading over 14½ acres of onetime swampland; McCulloch Motors Corp. of Los Angeles...
...Industrial production has tripled to $10 billion, with a 162% increase in steel (to 3.2 million tons), 133⅓% jump in electricity, a 100% jump in cement. In washing machines alone, Australia's appliance makers have gone from 6,500 units in 1948 to 181,400 last year...
...fewer than four U.S. automakers, Willys, Ford, Chrysler and General Motors, are scrambling for shares of the growing auto market. G.M.'s Holden subsidiary began in 1948 to produce a small car for Aussie markets, sells 100,000 units annually and posted a profit last year of $34 million. National Dairy Products Corp. this year spent $1,600,000 on new plant, was able to declare a $1,800,000 profit, which covered its entire new investment. The story is the same for Cleveland's Lincoln Electric Co., which has nailed down 50% of the market for heavy...
...received shocking news. General Electric Co. had succeeded in making a synthetic diamond. Hastily, the world's diamond king conferred with De Beers' top officials, finally said: "If it must be, then De Beers must do it too. We cannot stick our heads in the sand." Last week De Beers finally did it; the company announced that it had developed a synthetic diamond to compete with G.E.'s highly successful man-made stones as industrial abrasives...
...kept this a secret while it hustled to get a jump on G.E. on patents. It filed provisional patent applications all over the world, including the U.S. where G.E. had no patent. The Defense Department had placed a secrecy ban on the G.E. process, only lifted it last September. The ban prevented G.E. from receiving a final patent that would have made their process a matter of public record...