MANUFACTURING: Mud Cats & Mountain Goats

The Marmon-Herrington Co.—most picturesque of all U.S. truckmakers—last week was a closed corporation no longer. It had almost finished selling 150,000 of its 450,000 shares of common stock to the public at $10 a share.

Almost unknown to U.S. citizens, M-H nevertheless is the king of its field: the world's most enormous trucks, all-wheel drive, extra-heavy duty, able to haul almost anything almost anywhere. Only ten years old, it has sold thousands of square-hooded, locomotive-like behemoths to lumbermen, miners, oilmen, highway departments. In the Louisiana oil fields M-H trucks are called "Mud Cats" because they slosh through hub-deep mud as...

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