GOODS & SERVICES: New Ideas, Sep. 24, 1956

Memory Machine. International Business Machines introduced a memory computer to step up office automation. The computer will tell a businessman immediately how daily transactions in sales, payroll, inventory, production, etc. affect any desired aspect of his business. Called RAMAC (Random Access Memory Accounting machine), the computer also serves as an electronic filing cabinet in which company figures are stored on 50 magnetic metal disks, will turn out any needed figure in seconds, thus eliminate endless hours of file checking. Rental per month: $3,250.

Mud for Deep Oil. The Magnolia Petroleum Co. announced a drilling mud that will make it possible to...

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