Word: packards
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...biggest auto companies have yet reported, but in both industries smaller companies showed big gains. Specialty-steelmaker Allegheny Ludlum had a 44% increase (to $2,000,000), and Sharon Steel's $2,000,000 was a 49% gain. (But middle-sized Armco showed a 3% drop.) In autos, Packard was way ahead of last year (see below), and Nash-Kelvinator, which had been hit by a strike last year, had an astounding gain...
When James J. Nance quit the presidency of Hotpoint Co. (appliances) to take over Packard Motor Car Co. eleven months ago, his old employers gave him a notable vote of confidence. Hotpoint's parent company, General Electric, bought 25,000 shares of Packard for its retirement fund. This week Jim Nance, 52, proved that the confidence was well deserved. Packard's first-quarter profit of $10 million before taxes was better than in any other three-month period in the company's history. On sales of $123 million, Packard netted $3,510,062, almost triple the figure...
...Force canceled orders for $100 million worth of J47 jet engines made by Packard and Studebaker under license from General Electric, the primary producer. The cancellation amounted to a one-third cut in Studebaker and Packard engine orders, and meant that the two companies' engine contracts would end some time next year...
Murphy heard him mumbling as the doctors worked over him. "Say son," he said," have you ever heard of Professor Packard? He runs a speech remedial course. You ought to go see him." The veteran was enraged, but evidently thought it over. In three weeks, he had reverted to pure Brooklynese and a semblance of normality...
Will the Administration face reality and act to remedy the drawbacks of the status quo? Associate Professor Packard has offered it the opportunity to turn over a new leaf in the issuance of a policy statement this week. Joseph Frank...