Word: last
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Dates: during 1950-1959
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...joined Continental in 1950, he has used the lessons of his military engineer's career to triple Continental's sales (to $1.1 billion) and earnings (to $41 million), drive it from second place, well behind American Can, into position as the big gest U.S. container company. Last week General Clay pulled off an important maneuver: he settled with the Steelworkers Union for a threeyear, 28.2?-an-hour package, thus averting a possible strike...
...price of settlement, Continental Can- and rival American Can- will raise prices. But for Old Strategist Clay, that is only withdrawing to a well-prepared position. Continental has made two price cuts, totaling 3%, in the last year, will have to restore only 1½% to meet the price hikes. "On the whole," says Clay, "prices will still be below the level of early...
...size of the biggest family fortune made in the get-rich-quick U.S. electronics industry was fixed last week. Only 30 minutes after being placed on the market, the first public offering of 1,000,000 shares of Transitrun Electronic Corp. at $36 each was snapped up by investors. Not since the first public sale of 10.2 million Ford Motor Co. shares in 1956 has a stock issue attracted such broad public demand. Transitron quickly jumped to $49 per share in over-the-counter trading, closed the week at $43 per share. To Transitron's owners, David...
...August 1953, Transitron got its first big order: $40,000 worth of diodes from Remington Rand's Univac division. Sales and profits have soared steadily ever since. Last year Transitron had sales of $30,913,376 and earnings of $6,456,138 after taxes, a 21% return on sales and the highest among leaders in the industry...
...Last week, as his latest shipment of sheep was okayed by federal inspectors, U.S. sheep raisers called for quotas, higher tariffs, or anything else that would stop the shipments. Said rival California Rancher Clay Broadbent: "Either we stop the Australian sheep-or regulate the flow of them-or it will mean the end of the American sheep industry...