Word: shipyards
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...Obelisk was fabricated, invested $100,000 in it so that sculptors could produce works for civic groups and industry. U.S. Steel supplies Lippincott with its new Cor-Ten steel, which weathers to a russet brown, at a generous saving. Bethlehem Steel let Robert Murray use its San Pedro, lif., shipyard to build his Siton Duet...
This week, however, British mariners can take hope. At the same Clydebank shipyard of John Brown & Co., Ltd. where the Queens were launched, Queen Elizabeth II will smash a champagne bottle to send the Cunard Line's new est flagship down the ways. The vessel, known up to launch time as "Q4" or "Hull No. 763," is slightly smaller than the Queens and, owing to modern materials, vastly lighter (58,000 tons v. Elizabeth's 82,997). And, to the relief of a British government that is underwriting much of its cost, it will also be more economical...
...companies that account for more than 80% of the nation's output. In a small but violent dispute (at least 20 people injured), workers walked off the job at Virginia's Newport News Shipbuilding & Dry Dock Co.-the first general strike at the world's largest shipyard. Meanwhile, the possibility of a crippling strike by six railroad shopcraft unions flickered anew, though on Capitol Hill, there were hopeful plans to draft legislation to handle the dispute...
...Shipbuilding Corp., the firm's profits and dividends have been dropping; in 1966, there was a loss of $740,000 and no dividend at all. To halt the drain, Wolfson sold off a paint company, a small steel mill, the company's derrick division and a small shipyard, but the future seems so stormy that liquidation may be the only solution. Along with its losses on operations last year, Merritt-Chapman also added a $3,233,000 "special charge" to the books as a provision against losses if other properties have to be sold...
...Egyptian wife Fathia, whom he shelved years ago for more comely playmates, has taken refuge in Cairo, refuses to rejoin him or even to allow his three children to visit him. Few visitors bother to call on him. An $18 million frigate that he ordered from a British shipyard in 1964 as a private "command ship" was launched last week on the Clyde River with neither name nor ceremony. Unable to afford such extravagances, Ghana's present government, which inherited the ship, is looking for a buyer...