Word: week
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...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...
...Last week little Franks Manufacturing Co. had better than $200,000 worth of unfilled orders that had piled up in 40 days, an anticipated 1939 gross of $600,000, net of $150,000. Portable derricks seem to be catching on. Humble Oil Co. has ordered an initial two. If enough U. S. producers figure the same way, the derrick, ugly symbol of a fabulous industry, may disappear from the skyline...
...employed more than 400 men in its Elmhurst, N. Y. plant and its Glendale, Calif, branch factory, acquired a one-year backlog of instrument orders for outfitting new planes, received royalties on Kollsman's 200 patents. But no outsider really knew what it was worth until last week, when Paul Kollsman sold out to Square D Co. (maker of electric switches and control equipment, particularly an automatic circuit breaker cheap enough to be used in houses in place of fuse boxes...
Terms (subject to the approval Dec. 28 by Square D stockholders): for Kollsman Instrument Co., Paul Kollsman will receive $2,000,000 of newly issued 5% cumulative convertible preferred Square D stock, plus 35,000 shares of Square D common, which at last week's market price of 34 were worth $1,190,000, plus either 35,000 more shares of the same common stock or $1,000,000 more of the same preferred. Also Paul Kollsman will receive $20,000 a year as technical adviser, and Kollsman products will still be called Kollsman. Apparently the Kollsman number...
...night last week the members of the New York Railroad Club sat down to their 67th annual dinner in Manhattan's Hotel Commodore. For topflight railroad executives it was a relatively cheery meal. They were still chortling because freight carloadings rose 30% between Sept. 9 and Oct. 21 -the largest increase over the shortest period in U. S. history. Phrases like "this augurs well" cropped up in more than one of the evening's speeches. But to thoughtful men among them, the carloading boom was an ugly fact to face. For it demonstrated that their huge industry cannot...