(2 of 2)
HENRY J. KAISER is returning to Pacific Northwest scene of his big World War II shipbuilding operation. For about $8,000,000, Kaiser Gypsum Co. has bought Fir-Tex Insulating Board, Inc., of Portland, Ore., plus 15,000 acres of timberland in Oregon, Washington.
ATOM POWER PLANT for first nuclear-powered merchant ship will be built by Babcock & Wilcox Co. To get AEC contract, the company beat out General Electric, Westinghouse and others. Reactor will be advanced model of thermal type used by atom submarine Nautilus.