Word: tempco
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GREGORY O'DANIEL WAS READY TO play a role in getting the economy back on the road to recovery. The Pennsylvania businessman wanted to lease new machinery and hire a dozen more employees so that his two-year-old firm, Tempco USA, could boost its production of cosmetic cotton pads and facial tissues. But O'Daniel needed financing to do that, so he went to his local bank for a $300,000 line of credit. His company has an unblemished credit history and has been ringing up $600,000 in monthly sales to such customers as Wal-Mart...
ACROSS the street, Rogers Harvard Square will give you $10 off a skirt made out of rabbit fur. Next door, at Estabrook and Co., the stockbrokers, they're featuring American Telephone and Telegraph at around $50. Ling-Tempco-Vought is reduced to $27 from a high of $97 in 1969, and Pan American World Airways has been cut from $31 to $14. Settebello next door has more dresses and shoes and such at around 30 per cent...
...TILT WING: Rolled out last week by Ling-Tempco-Vought, Inc. of Dallas, the XC-142A transport has four turbo-prop engines and a wing that can be tilted for takeoff so that its four 15.6-ft. propellers point upward. When they all are pulling together, the props should generate enough direct lift to raise the plane vertically. When safely above obstacles, the pilot will gradually tilt the wing into normal flying position. The plane has yet to be flown, but its designers admit that it is no speedster. It will cruise at less than 300 m.p.h., and its operating...
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