Word: tractorized
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...sized troubles. In its last nine-month fiscal period alone it lost a mountainous $4,403,000. As a way out of its troubles, the elephant last week enlisted the help of a mighty mouse: Case made a deal (subject to approval of stockholders) to merge with the American Tractor Corp., which grossed only $5,000,000 last year v. Case's elephantine $95 million, and lists the book value of its stock at a mere $2 a share v. $37 for Case. Yet Case agreed to swap its stock on a basis of one share of American common...
...family-owned Marshak Diesel Locomotive Co. near Paris. Before he could get started, World War II broke out, and Rojtman became a U.S. citizen, served with Army Intelligence for 30 months. After the Germans destroyed the Marshak works in their retreat, Rojtman decided to go into the tractor business on his own. "All a locomotive is is a tractor," says he, "and I have been in the locomotive business all my life...
With $523,000 in capital, mostly from his family, Rojtman and his wife Lillian founded the American Tractor Corp. to produce medium-sized crawlers. He set up an aggressive program of design and research, developed the Terramatic Transmission that enables a tractor to go from forward to reverse without stopping. His tractors soon made a name for themselves; in 1952 an American tractor pulled 101% of its own weight, setting a world's record in drawbar pulls at the University of Nebraska's testing grounds...
Warm & Cool Tractor. New comfort for the hitherto weather-beaten and windburned farmer is promised with the coming of a tractor that is air-conditioned in summer, heated in winter. The experimental tractor, its cab encased in glass and steel, was displayed by its inventor. J. F. Schaffhausen, of Cockshutt Farm Equipment. Inc., in Doylestown, Pa. Sparing the farmer from the seasons, says Schaffhausen, will reduce fatigue and boost his life expectancy, save him an annual bad weather loss of $1,000 and 30 working days. If brisk demand develops, Cockshutt will mass-produce the tractor, sell it for about...
...FARM-TRACTOR SALES this year will trail 1955 volume by at least 20%, the industry believes. Falling sales, because of drought and lagging farm income, will force International Harvester Co. to halt production at two plants for at least five weeks, starting Oct. 1. Farm-equipment slump has also prompted merger talks between Chicago's J. I. Case Co., which has shut down two plants, and money-losing Oliver Corp...