Word: philco
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Through a Loophole. Crosby, no mean businessman himself, became a director of Vacuum Foods, in which he recently bought 20,000 shares of stock at lof a share. He has agreed, at an undisclosed salary, to plug the juice on a transcribed song & chatter program five days a week. (Philco Corp., which has Crosby under exclusive contract, has agreed to let him be Minute Maid's man for a daily kind word for Philco products...
...Philco Playhouse (Sun. 9 p.m., NBC Television). Dinner at Eight, with Peggy Wood, Dennis King, Mary Boland...
Tuning Up. Television is growing so fast (see RADIO & TV) that by year's end production will reach 100,000 sets a month, 32,000 sets more than current production. So predicted Philco Corp.'s Vice President James H. Carmine. Carmine said that Philco, now producing more than 16,000 sets a month, will reach more than 40,000 a month in early...
Upturn. Industrial prices were still edging upward. International Harvester boosted prices of its farm tractors 9% and Philco Corp. raised its radio prices 2.5%, even though the radio market was swamped with sets...
...catch: present phonographs would need a new attachment to play records at the new speed as well as the old. Philco and Columbia were both ready to provide it-for $29.95. In case the idea doesn't catch on, Columbia will still turn out standard records...