Word: reconverts
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LITTLE-BIG INCH pipeline, converted from oil to natural gas after World War II, will again become a petroleum carrier to the East Coast if the FPC approves. Texas Eastern Transmission Corp. wants to reconvert 1,168 miles of the line up to Moundsville, W.Va. at a cost of $13 million; to replace it, the company will build a $72 million gas line from Texas to Mississippi to join with an existing gas line to the East, thus keeping gas deliveries at 1.2 billion...
...Bill Knudsen's right-hand man. In 1940, when F.D.R. tapped Knudsen to direct defense production, Vice President Wilson stepped easily into the great Dane's shoes. Since then he has had two big projects: 1) mobilize G.M. for war (tanks, planes, jet engines, etc.), and 2) reconvert it for peace...
...year making antiaircraft guns, invasion-barge engines and aircraft parts during the war. By war's end, Hudson's President A. Edward Barit was determined to recapture Hudson's former place as a leader of the independent motormakers. He was one of the first to reconvert. In 1946 Hudson turned out 93,000 cars, nearly 6,000 more than its 1940 total. Last year Hudson boosted the total...
December 1945 some $200 million had gone into G.M.'s inventories, which had swollen out of all proportion to production. Easy-to-get parts had piled up while G.M. waited for hard-to-get parts with which to make cars. Another $242 million had gone to reconvert and expand plant facilities. And G.M.'s stockholders had taken another big bite; dividends had totaled $70 million more than G.M. earned...
...practical necessity of keeping Special Yarns out of the red. Then the war came. Little found himself busy on war work (parachutes, jungle hammocks, etc.) until the Army suddenly began to cancel contracts in 1943. Carefully Royal Little weighed his chances, decided not to curtail production but to reconvert, expand and integrate...