Word: matson
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Serving the Owners. The line that was launched in 1882 by far-seeing Captain William Matson grew rich and lazy over the years as it came to dominate traffic between California and Hawaii. Long after Captain Matson's death in 1917 his successors began to battle. A California-based faction, including the captain's heirs, wanted to continue Matson's diversification into such things as hotels and oil and insurance companies to keep the conservative old line growing with the times. But a controlling faction led by three of Hawaii's "Big Five'' companies...
...Matson Lines'' used to mean white cruisers ribboning through Hawaiian islands with luau, leis and instant romance for all aboard. As a business. Matson (1962 revenues: $100 million) is somewhat less glamorous. Labor troubles and stockholder squabbles led it into a storm that climaxed in an operating loss of $2,400,000 in 1961. Then, Matson called in a new skipper, Stanley Powell Jr., 46, rounding out his first year as president, proved last week that he has begun to bring the line back into clearer sailing weather: he reported that Matson earned...
...concentration on Hawaiian shipping made Matson a helpless victim of six Pacific ocean-going unions. Even though its Hawaii run was not subsidized by the U.S. Government, Matson had to follow suit when subsidized U.S. shipping lines gave in to frequent wage demands to avoid strikes. Result: labor now accounts for half of its operating costs on freighters and even more on passenger liners. High operating costs have also led to freight-rate rises of 48% since 1957, prompting many Hawaiian businessmen to blame Matson for the island's dizzily high prices and to shop for alternate shipping lines...
...Francisco, finally home via the same route. With her sister ship, the still-building, 40,000-ton Oriana, the Canberra will give P. & O. a commanding lead in Pacific passenger travel. Since it first sailed in these waters in 1954, P. & 0. has undercut the luxury-minded Matson and American President lines by emphasizing low-cost tourist-class rates; next year alone, the company will boost its berth facilities for Pacific travel...
...more weight on his hand and be more in a sprinter's position, so he can really blow into the line. So if I see that, I cheat over a little bit so that I can be right in front of him when he gets the ball. Ollie Matson, when he's coming straight ahead, he has his feet cocked, and when he's going to the outside, he has both feet even and no weight on his hands...