Word: merritts
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PROMOTER LOUIS WOLFSON, who built Merritt-Chapman & Scott into a $135 million diversified corporation, is beginning to prune back. He plans to sell a profitable subsidiary, Newport Steel (1955 earnings: $626,287), to Chicago's Acme Steel Co. Previously sold Merritt-Chapman subsidiaries in '56: Nesco Division (house-wares), Utah Radio Products, Shoup Voting Machine Corp...
Pause That Refreshes. In Westport, Conn., arrested for standing on the seat of his motorcycle as it ripped through Sunday traffic on the Merritt Parkway, Walter Buckner told a state patrolman: "I felt like stretching, but I didn't want to waste time stopping...
PARTNERSHIP PROJECT for the Priest Rapids Dam in Washington state will get under way soon. Major legal obstacle to the big dam, a suit challenging disposition of power sale contracts, has been withdrawn, and the Grant County Public Utility District will soon award the construction contract. Apparent low bidder: Merritt-Chapman & Scott, for $91.8 million...
Other starters for the Bruins, whose 7-16 overall record is only slightly poorer than the varsity's 7-15 mark, will be John Lydon and captain Charley Merritt at the forwards, 6-foot-4 Gerry Alaimo at center and Peter Campisi at the other guard...
...named president of the 201-year-old paintmaking firm of Devoe & Raynolds, one of Financier Louis Wolfson's holdings. A mining engineer, born and educated in Alabama, McFarlin managed coal mines in Tennessee, became president of Tennessee Products & Chemical Corp., which merged with Wolfson's Merritt-Chapman & Scott. His predecessor, E. W. Endter. who got the job after resigning the $50,000-a-year presidency of the California Oil Co. to help Wolfson battle for Montgomery Ward, quit Devoe & Raynolds to return to the oil business...