Word: nationalizing
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Dates: during 1950-1959
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...economy's transition from recovery to boom was underscored last week by first-quarter earnings from the nation's two leading steelmakers. Top-ranking U.S. Steel Corp. reported a 9.9% return on sales for a net of $106.6 million, or $1.86 per share, up more than 70% from $1.04 per share for the first quarter last year. Bethlehem Steel Corp., second largest producer, doubled its first-quarter earnings per share to $1.06 from 52? last year...
Despite Ike's urging, it was soon clear that the protectionists had accomplished their task. When the chamber issued its 32-page policy statement, some of the strongest bids for free trade were deleted. Gone was the sentence: "For the benefit of the economy of the nation as a whole, business and Government should encourage increased imports into the U.S." Also struck out was the chamber's opposition to "Buy American legislation." A chamber spokesman denied that the chamber had changed its views, called the alterations in the text "little sops that helped quiet the opposition...
...times, and his specialty is modernizing them. Last week Tom Evans, chairman of Pittsburgh's H. K. Porter Co., Inc., an industrial combine with assets of $57 million, added another heirloom. He took over as board chairman and chief executive officer of Chicago's Crane Co., the nation's largest manufacturer of valves, fittings and pipes, in a shake-up of 104-year-old Crane's management...
...family that can afford to buy a second car can have a swimming pool in its backyard. Pools are just a logical extension of the family television room." So, last week, said Gordon W. Rudd, president of National Pool Equipment Co., one of the nation's leading poolmakers (1958 sales: $3,001,778). Once a rich man's whim (there were only 28,300 pools, including commercial ones, five years ago), swimming pools today make up one of the splashiest sectors of the nation's leisure market. This year alone, of the 70,000 swimming pools...
Following Paddock's lead in gunite construction are the Anthony Bros., Inc. of South Gate, Calif. (1958 sales: $8,000,000 ). The four brothers this year will market 50 models, including starfish-and boomerang-shaped pools, priced from $2,800, expect sales to top $10 million. For the nation's largest pool-equipment maker, Swimquip, Inc. of El Monte, Calif., the torrent of 1959 business has come so fast that all materials allocated for the first half were used up in the first quarter. Said President William O. Baker: "This year the business has gone crazy...