Word: market
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Dates: during 1950-1959
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...cuts affect substantial segments of the low and middle income brackets, the restless majority recovering slowly in the wake of the recession. But the President is optimistic about business recovery; in fact, he is counting on it desperately to raise needed government revenue. In spite of this emerging bull market, however, he is strangely reluctant to take such measures as restoring the cut in the capital gains tax (which cost the government $4 billion in annual revenue) the Administration made four years...
...picked up ten companies in three years. This week he bought the eleventh: National Metallizing Corp. of Trenton, N.J., which owns a process to coat paper with metal. Chandler is convinced that the new process is cheaper than present methods of laminating foil to paper, sees a big market for his product in wrappings of all kinds, even though competitors are working on similar processes...
Standard was then a slow-moving manufacturer of milk-bottle tops. Chandler assembled an able young management team, decided to point the company toward "convenience" living and disposable paper products. With a five-year growth map of what the market wanted, Chandler set about buying complementary companies, took in Sterling Products for its paper plates in 1956, Modern Packages for its flexible packaging material. In 1957 he added four box and label makers, last summer merged the Johnston Foil Mfg. Co., which laminated foil to paper. This year Chandler got his biggest acquisition: Eastern Corp. (1957 sales: $25 million), which...
...average of 150 dishes a day. Families are getting bigger, and more wives are working. The growth in convenience foods is going to be terrific. We're just at the beginning of the era." Chandler estimates that packaging in the food industry today is a $6 billion market; by 1965 he expects it to be $9.5 billion...
...preferred stock (its common stock rose from a '58 low of 10⅛ to 27⅛ last week). The line will get more than $10 million by trading in its nine double-deck Boeing Stratocruisers to Lockheed and five DC-7s to Douglas. Though the used-plane market is glutted, Northwest swung the trade-in because it held back, was the last major U.S. line to place firm orders for jets, thus was courted energetically by the planemakers. By ordering late, Northwest figures to get more advanced jets...