Word: totalizer
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Dates: during 1930-1939
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...Rubber is No. 2 U. S. tiremaker (No. 1, Goodyear). Its President Francis Breese Davis Jr. wants to expand without increasing the total U. S. tire production facilities. Fisk will give him a first-rate trade name, a going concern with a best-selling tire (Safti-Flight), plus New England tire plants that U. S. Rubber lacks. Also important, the deal will give U. S. Rubber valuable Fisk tire patents...
Last week President Donald Lamont Brown of United Aircraft Corp., which owns Pratt & Whitney, could have been expected to pinch himself as he looked over the production report of his engine division. Sawing away at a backlog of something like $100,000,000 (United's total backlog: above $115,000,000), Pratt & Whitney has hit the high point of its production history, above 350* engines a month, more than double its average for 1938. This production will be doubled when the new plant reaches its capacity next spring...
...Cyclones a month. Meanwhile, in Indianapolis, General Motors' new Allison plant is getting into production on its high-powered, liquid-cooled engines to go into new Army pursuit ships. By the middle of the summer the production of the three plants in military engines may well hit a total of close to 2,000 a month, end fears which Army and Navy men entertained that engine production might become a bottleneck in U. S. armament...
Meanwhile barge competition heavily subsidized by the Government undercuts railroad rates on many inland waterways. Trucks-which until recently did not have the handicap of being under Government regulation-meanwhile cut into freight traffic, and pipelines took a flood of oil (1938's total: 1,158,000,000 bbls.) that railroads would have liked to have in their tank cars. At the same time automobiles and motorbuses cut passenger traffic particularly on short runs, and finally airplanes arrived to cut long distance Pullman travel...
...competitive mindedness of U. S. rail management exists than the story of how they were caught asleep at the switch by the hard-hitting, aggressive, new transport men who came into bus & airline management, cutting deeply into the railroad's passenger business (which is roughly 15% of their total...