Word: bement
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Dates: during 1940-1940
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...best alibi was the machine-tool industry. It too began the year as a little industry, and though it more than doubled its 1939 sales to over $400,000,000, it remained so. When the planemakers began dumping real volume orders on the machine-tool market in February, Niles-Bement-Pond (one of the biggest of the lot) could call a mere $9,000,000 backlog the biggest in its history. Most toolmakers resisted defense-expansion pressure as much as they could, wanted instead to ration their customers. Automen, normally the biggest machine-tool customers, began to worry...
...typical of the business on hand was the backlog of one of the big machine tool makers, Niles-Bement-Pond Co., which last fall got out of its antiquated 23-building plant in Hartford, Conn., and moved across town to a new factory under a single roof. N-B-P, which operates the Pratt & Whitney* tool works, last week had a backlog of $8,700,000, up 400% from last year. Its bulky president, 65-year-old Clayton Raymond Burt, who served his toolmaking apprenticeship with big Brown & Sharpe back in the early 19005, like the rest of the industry...