Word: rubberizing
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Dates: during 1950-1959
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When the Senators asked if the President could rightfully seize the oil or the rubber industry, McGranery first said no, then started qualifying, "Under extreme emergencies, the President has all power . . ." Muttered one of his questioners: "Hold on to your hats, boys, here we go again." It took another blunt McCarran warning before McGranery was finally pinned down to a flat no: the President does not have the power to seize industries. "You know and I know," he added brightly, "that you cannot take private property and maintain the American way of life. We fought too hard for those things...
...such smart merchandising, Keating has built up a line of 2,000 products ranging from a 5? pie pan to a $39 set of stainless steel "Diamondware" table service. Last year his Ekco Products Co. sold 375,000 egg beaters, 10½ million kitchen knives, 2,500,000 rubber-ended bottle stoppers, 1.5 million pots & pans and 12 million can openers. Disguised under such brand names as A. & J., Flint and Ovenex, Ekco Products brought in a 1951 gross of $35 million...
More Expansion. Until now, these and other "aromatic" chemicals (also used in perfumes, synthetic rubber, explosives and drugs) have been based on raw materials drawn from byproducts of the steel indus. try's coke ovens. Yet demand for them is growing at an average rate of 30% a year, while the supply has been growing by less than 5%. With the information gained from the new pilot plant, Union Carbide hopes soon to build a full-scale hydrogenation plant which will help solve this raw-materials problem for good...
...aspirin, and synthetic Vitamin Blt More than a third of Carbide's earnings ($104 million in 1951) comes from products and processes that did not even exist in 1939. Among them: the process for making butadiene from alcohol which provided 90% of all U.S. World War II synthetic rubber; synthetic gems which outshine the original; polyethylene plastics whose uses range from radar insulation to flexible bottles. "Research," says Morse Dial, whose company has spent upwards of $100 million on it in five years and will spend $30 million more this year, "is our lifeblood...
...alltime record; afterward, they were the lowest of any year since 1946's marginal, reconversion-battered first quarter. Some of the typical casualties: General Motors' net off 10%, U.S. Steel's 10%, Du Font's 15%, Union Carbide & Carbon's 20%, U.S. Rubber's 30%, topped by Libbey-Owens-Ford...