CANADA: Bullish Billions

When Admiral Corp. of Chicago as signed its go-getting young (29) purchas ing agent Vincent Barreca to establish a Canadian radio-manufacturing subsidiary in 1946, office space was hard to find.

Barreca moved into one end of a dusty Toronto warehouse, scrounged an orange crate to sit on and went to work with a skimpy capital allotment of $50,000.

Within a month after he got into production, demand for his radio sets was so heavy that he converted the shop wash room into working space. In March 1949 Barreca began turning out television sets, despite the fact that Canada has no TV...

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