Word: whirlpool
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APPLIANCE MERGER will join three big firms into a single company with assets of $130 million. Under the deal, Whirlpool Corp. (home laundry equipment), Seeger Refrigerator Co. (freezers, etc.), and RCA's air-conditioning and appliance departments (stoves and air conditioners) will merge into a new firm to be called Whirlpool-Seeger Corp. (Sears, Roebuck & Co. owns a big stock interest in both Whirlpool and Seeger, currently markets many of their products...
...South's utility expansion, had the ill luck to go into business in 1950 after EPT. It was able to make only 1¼% profit despite a tripling of sales-a return so low that banks would not risk giving it a loan. Michigan's Whirlpool Corp. (washing machines) doubled its sales during the EPT period and made $28 million in profits (before taxes). But it was $32 million short of the cash needed for expansion. Yet big, established companies have been able to borrow all the money they want, and under EPT's mad logic, have...
...them won 42 games last season while losing only 15. Alternating this season with Righthander Karl Drews (14-15), the three managed to win eight of the Phils' first twelve games. Oldtime Catcher O'Neill (Cleveland Indians), who remembers the days when pitchers were not mollycoddled with whirlpool baths and heated jackets, intends to keep right on making work horses of his big three. "Why not?" grunts O'Neill. "They can do it. They're big & strong...
...space men believe that the leap from the earth must be made in two jumps, with a resting and refueling spot partway up the slope of the earth's gravitational whirlpool...
...into space. Since it would already be moving in its earth-circling orbit at a good clip (16,000 m.p.h.), it would need only a moderate additional push to give it escape velocity. Then it could cruise freely in space, like a ship that has risen out of a whirlpool and reached the smooth surface of a lake...