Word: productsâ
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...company's other major aerospace products???Poseidon missiles, C-130 cargo planes, S-3A antisubmarine planes and Agena satellites?are performing well and earning money. But the losses on its two flops are so huge that Lockheed is in deep trouble...
...know tobacco best gathered this week to pay homage to the persistence of one of the world's most widespread habits. More than 11,000 strong, the delegates to the annual convention of the National Association of Tobacco Distributors?which sells 75% of all U.S. tobacco products???peered at exhibits that traced tobacco from field to lip, critically taste-tested piles of free cigarettes, jostled happily through luncheons, dinners, parties. But the greatest pleasure of all was just talking shop. Never had shoptalk been so cheery, for never had business been so good...
...upward revision that will mean $12,000,000 more annual revenue to the Western trunk lines. Rates on certain agricultural commodities, however, were not raised. This is a negative application of the famed Hoch-Smith Resolution, whose positive application? which would mean actual lowering of present rates on farm products???was held unconstitutional in a recent U. S. Supreme Court decision. The Western rate structure has long been in need of revision...
...American Tobacco Co. did remarkably well last year, according to its annual report last week. This company makes a horde of useful products???Lucky Strike (It's toasted"), Egyptian Straights, Herbert Tareyton, Johnny Walker, Lord Salisbury, Melachrino, Naturals, Omar, Pall Mall, Sweet Caporal ("Ask Dad, he knows"), Bull Durham, Tuxedo, Serene, Old English Curve Cut, and many another. Their sales?billions of cigarets and tobacco packages?netted the company $22,238,919 last year. This meant, after preferred dividends were paid, $9.77 a share (par $50) on the $97,639,600 of common and common B stocks outstanding...
Last week the House Committee on Interstate and Foreign Commerce opened its investigation of foreign control of raw products???the "mulcting of America" by control of production and boosting of prices...