Word: stainless
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Dates: during 1960-1969
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...clear, light material-like glass buildings. Transforming the cultural world into the world of the laboratory, it brings art nearer to science." For her just-opened show in Manhattan's Pace Gallery, Chryssa made a 10-ft.-sq. chamber, analyzing the letter A in neon and stainless steel through which people can walk. It is titled The Gates to Times Square, and is an actual journey through a symbol of city lights and mass communication...
...repair. The smaller anterior tibial artery had lost only 1½ inches. By taking out splintered bone and shortening the leg slightly, the surgeons were able to pull the two ends of the artery together. Then they drilled through the bone above and below the fracture and inserted four stainless-steel pins; they held the projecting ends of the pins together with steel bars and surgical screws. With everything firmly in place, Dr. Byers and his assistant finished the delicate task of repairing the tiny artery, only 1/12 in. in diameter...
Last week, however, Simon was the toast of Pittsburgh. Reason: he had moved to head off a takeover by somebody else. For two weeks, Crucible Steel, a specialty company with $300 million annual sales in alloys, stainless, tool and carbon steels, had been one of Wall Street's most active stocks; Crucible's stock fluctuated over a ten-point range. Then the reason came clear. Headed by Chicago Industrialist Morris J. Rubin, who helped engineer a takeover 21 months ago of the U.S. Smelting, Refining & Mining Co., a Crucible-minded "Stockholders Committee for Better Management" was buying Crucible...
Soon after Britain's tiny Wilkinson Sword Ltd. began selling stainless-steel razor blades in 1961, it captured 30% of the British blade market, dominated by Boston's slow-moving Gillette Co. It then moved into the U.S. and bravely challenged Gillette on its home ground. By last year Wilkinson had moved into 50 countries, run up a 1964 pretax profit of $9.8 million and made confident predictions of a 40% sales increase in 1965. It began to look as if tiny David were slaying the Gillette Goliath...
Gillette began to fight back in earnest in December 1963, when it entered the British stainless-blade market, launched a major new salvo last September with a massively advertised new blade coating named "Microchrome EB-7." Wilkinson, whose ads seem designed to sell swords as much as blades, still is holding on to its 52% share of the British stain less market, but it has had to lay out needed cash to double its advertising spending. "We made certain forecasts and geared our output to them," says Managing Director Roy Randolph. "Well, it has proved more difficult than we expected...