Word: truck
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Dates: during 1950-1959
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...ones. Of the 30 stocks that make up the Dow-Jones average today, more than one-third were not on the list in 1929. Among the newcomers are such giants as Du Pont, United Aircraft and A.T. & T. Among those dropped, for varying reasons: American Sugar Refining, Mack Truck, North American Corp. As an example of what such omissions and substitutions can mean statistically, it has been figured that if the inactive stock of International Business Machines, once on the Dow-Jones list, were still included, the industrial average would be over...
...longest and costliest postwar strikes was coming to an end last week. In Pittsburgh 760 delivery-truck drivers and helpers belonging to Dave Beck's A.F.L. Teamsters agreed to end their walkout against five of the city's biggest department stores (Kaufmann's, Home's, Frank & Seder's, Gimbels, Rosenbaum's) after 52 weeks of picketing and violence. Under the terms of a three-year contract, the stores agreed to an overall 8½? wage boost (to $2.21 an hour for drivers, $1.94 for helpers) plus some fringe benefits. In return the Teamsters gave...
Stair Climber. A two-wheeled, power-driven hand truck has been developed by the Valley Craft Products Inc., Lake City, Minn. to take heavy loads up or down stairs or ramps. A special ratchet mechanism allows the "Stair Cart" to climb stairs, is powerful enough to lift a 200-lb. load straight up a 4-ft. wall. Price: about...
...thought they could cure Slick's ailments took over the airline's management. In as new board chairman and top manager went Delos Wilson Rentzel, 45, a former CAA administrator, CAB chairman and Under Secretary of Commerce for Transportation, who is now president of two Oklahoma City truck lines. In as director and executive committee member went Roy G. Woods, 54, Oklahoma oilman and owner of several trucking companies. Rentzel and Woods got a five-year option to buy 20% of Slick Airways stock (100,000 shares). Founder Earl Slick, whose family still owns 51% of Slick, stepped...
Rentzel plans to build Slick into an air-truck line, with a plan to truck goods from New York to Chicago, then fly the cargo to the West Coast. Combined air-truck freight would go across the country in two to three days, compared with eight to nine by rail freight, at an air freight rate somewhere between present air and rail charges...