U.S. Business: Typewriter with a Memory

The office-machine competition will become even hotter when IBM thisweek introduces a typewriter with a memory tape. Dubbed the “Magnetic Tape Selectric,” it can store up typed words and figures, then tap out copies at up to 180 words per minute. The typewriter operator can also revise or insert names, addresses, prices or other data. Or the body of a letter can be stored on one tape, different addresses and inserts on another tape, and the machine can then produce a series of finished letters without the aid of human hands. Good for repetitive forms, legal briefs and contracts, the typewriter will rent for up to $233 a month, sell for up to $9,535.