Word: soundcraft
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...other stocks drowsed, Wall Street woke up to the wonders-and possibilities-of magnetic tape. The stock of ORRadio Industries Inc. jumped live points in a day to 23. Reason: ORRadio, one of the four major makers of magnetic tape (others: Minnesota Mining & Manufacturing Co., Audio Devices Inc., Reeves Soundcraft Corp.), is the fastest growing company in the new field. Its sales, which rose 62% to $1,600,000 last year, are expected to hit $2,500,000 this year and quadruple next year. This week in Opelika, Ala., ORRadio rushed to completion part of a new plant to start...
...depth (see diagram). Waller's invention got its first rigorous testing during the war as a gunnery trainer, was used by the armed forces to instruct aerial gunners under closely simulated combat conditions. But it was not until last fall that Cinerama, Inc., controlled by the Reeves Soundcraft Corp., developer of the Cinerama sound system, made a deal to put the new medium in show business. The deal gives exclusive commercial rights to Cinerama films for five years to a company formed by Broadway Showman Michael Todd, radio's Lowell Thomas, and Stockbroker Dudley Roberts...
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