Word: pa
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Dates: during 1950-1959
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President Trojan Boat Co. Lancaster, Pa...
...some circles in Scranton, Pa., talk of sugar in the gas tank or the stench of a stink bomb is likely to evoke gales of laughter. It also evoked interest on the part of Senator John McClellan's labor-rackets investigating committee, which followed its nose to the aroma and found-rotten eggs in Scranton's building-trades and teamsters unions. See NATIONAL AFFAIRS, The Ungentle...
...Magnetics Inc. was started in a Butler, (Pa.) garage in 1949 by Engineer Arthur O. Black, who had an idea for magnetic nickel-iron amplifiers to take over some vacuum-tube functions. The first year Black had seven customers, sales of $15,000. This year, with more than 800 customers clamoring for "magamps" for radar, sonar and computer systems, Magnetics Inc. employs 320 people, will see its sales soar to $5,000,000. Says Black: "It never crossed my mind that we'd fail, but I never expected this...
Lukens Steel Co. is a 147-year-old company, largely family-owned, that never caused much stir outside Coatesville, Pa. (pop. 15,000), where its plant is the mainstay of the community. But in recent months in Wall Street, Lukens Steel has become not only a well-known but a very puzzling company. Twice in the last fortnight the New York Stock Exchange has had to suspend trading in Lukens stock-first because of a rush to sell, later because of a scramble to buy. Last week the Stock Exchange and the Securities and Exchange Commission stepped...
GERSON FADEM, M.D. Ebensburg, Pa...