Word: masco
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Dates: during 1950-1959
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CARPET MERGER being arranged between Mohawk Carpet Mills and Alexander Smith will result in the biggest U.S. carpet firm, topping both Bigelow-Sanford and James Lees. To cut costs and boost sagging sales, the two companies will form Masco Industries on a stock exchange of four shares of Masco for each share of Mohawk, one share of Alexander Smith for each share of Masco. Combined sales: $94 million v. $68 million for Bigelow-Sanford, $62 million for James Lees...
...Masco Stone, 26, is a Negro carpenter who was putting putty on his first-floor window, also on Chicago's West Side. His story is that a round-faced, well-dressed man between 35 and 50 drove up in a light-blue Buick and said: "I guess it must take a lot of money to keep these old buildings in shape." Then, says Stone, he asked whether he believed in God, and when Stone said yes, thrust five $20 bills into his putty bucket and drove away. Stone also cleared his money with the police. "Now I plan...