Word: southwesters
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Dates: during 1950-1959
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...plenty of money, three years, if they don't care what happens to it." So, the story goes, said a passing clothes drummer in 1907 of Mr. and Mrs. A. L. Neiman and Herbert Marcus, who hoped to bring Fifth Avenue fashions to the rawhide heart of the Southwest. Last week Neiman-Marcus was not only still around to celebrate a highly profitable golden anniversary (annual sales of $36 million, earnings of $543,000) as one of the world's finest specialty stores (TIME, Sept. 21, 1953), but it was also ready to go Fifth Avenue one better...
...Southwest High, Kansas City
CHRYSLER CORP. will move assembly lines closer to markets to cut rising transport costs. No. 3 automaker will build 3,500-man plant about 20 miles southwest of St. Louis, planp to have it operating in 1959 to replace two 30-year-old plants in Evansville, Ind. Shift gives Chrysler better national spread; other major plants are in Delaware, Detroit, Los Angeles...
...next year will start building biggest U.S. steam generating unit. Located 45 miles southwest of Chattanooga, the $86 million generator will have capacity...
BIGGEST INDUSTRIAL development in history of Iran will remake country's oil-rich southwest at cost of $91 million, drawn mostly from oil royalties. Government has hired U.S. Development & Resources Corp., headed by former TVA Chairmen David E. Lilienthal and Gordon R. Clapp, to build a 460-ft.-high dam for power, flood control and irrigation, along with a complex of industrial plants and pipelines...