Word: per
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Dates: during 1950-1959
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Conventional gasoline engines have a basic fault; their reciprocating parts (pistons, connecting rods, etc.) must be stopped and started thousands of times per minute. This wastes power, and it also calls for a heavy engine to stand up against the battering it gets. Last week NSU Werke motor company of Neckar-sulm, West Germany described a gas engine that has neither pistons nor valves. Invented by a mechanical genius named Felix Wankel, it was developed with financial help from Curtiss-Wright Corp., which provided a fervid earlier announcement of it (TIME, Dec. 7) but no mechanical details...
...industry is catching up with newer medical thinking: these patients are not necessarily such bad risks as they were once rated. But the penalty premiums are still steep: a man of 50 who has done well for 13 months after a heart attack must pay annually $100 to $125 per $1,000 of insurance as against $40 for a man in full health. The penalty drops with longevity: at 60, he may be paying only $15 to $20 additional. Last week, physicians for the Equitable Life Assurance Society listed four steps that may promote a cardiac's survival...
TYPEWRITER IMPORT BAN is sought by U.S. typewriter manufacturers. The Tariff Commission will investigate a petition from Smith-Corona Marchant and Royal McBee asking for a duty of 30% ad valorem per foreign machine, with a minimum fee of $10. Main reason: imports account for a disproportionate 30% of the U.S. market...
...first public offering of 1,000,000 shares of Transitrun Electronic Corp. at $36 each was snapped up by investors. Not since the first public sale of 10.2 million Ford Motor Co. shares in 1956 has a stock issue attracted such broad public demand. Transitron quickly jumped to $49 per share in over-the-counter trading, closed the week at $43 per share. To Transitron's owners, David and Leo Bakalar. went $34.4 million for part of their interest in the third largest U.S. semiconductor producer (first: Texas Instruments Inc.; second: General Electric Co.). The Bakalar brothers still personally...
...will be a sheep industry in the U.S. With rising land values and labor costs, it is pretty tough for a rancher to raise a sheep and make much over $1.50 on it." Delfino, on the other hand, can buy Australian sheep for $5.50 or less each, net $3 per head minimum when he sells them...