Word: mccaffrey
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Later, Cambridge Police Lieutenant J. Harry McCaffrey said that the student was insolent to the officer, and that he was arrested because he could produce no identification. He would neither give his name nor "a good account of himself," McCaffrey said last night...
...McCAFFREY...
Only a year ago, International Harvester's President John L. McCaffrey, told shareholders: "We have established a solid footing in the highly competitive refrigeration industry in the short time we have been a part of it." Last spring Harvester seemed on even solider footing, as it overhauled its refrigeration department, doubled the number of its regional sales offices and trumpeted that it was launching a multimillion-dollar sales program. Last week Harvester revealed that it had been treading on thin ice all along: it quit the freezer business. The company sold its 962,000-sq. ft. Evansville, Ind. refrigerator...
...cutthroat refrigeration line, it would have to change its operation radically, put in a complete set of appliances, expand out of the familiar farm market into the big urban markets, recruit a huge new dealer organization, then fight for a tremendous volume to make a profit. Said President McCaffrey: "We felt we'd rather take our efforts and our capital and invest them in things that are more nearly related to our main activity...
When farm prices and farm-machinery sales began to drop last year, the rest of the economy was still in its biggest boom in history. Last week International Harvester Co. President John L. McCaffrey announced that farm-equipment sales have been picking up since December. Said he: "If we must be among the first to feel the adjustment, perhaps we can be among the first to lead the way back...