Word: 3s
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...this reason, royalty's rights became a matter of mere second thought last week when Fisherman Fred Warman sailed into Grimsby with a 40-lb. sturgeon in his hold. Warman let the sturgeon go at auction along with the rest of his catch, to Fishmonger Oscar Cleve for 3s, 4¾d. (about 45?) a pound...
...twelve years, Piedmont's founder and president, Thomas H. (for Henry) Davis, 32, has stretched a $14,000 investment in a plane agency into an airline with twelve DC-3s and 2,230 miles of routes reaching from Wilmington, N.C. to Cincinnati. Although Davis' airline is technically a "feeder" (i.e., a supplier for trunk-line routes), 47% of its passengers ride only Piedmont. President Davis runs his line so efficiently that he needed only 24% in airmail pay per $1 of gross revenue to break even last year, while other feeders require as much as 46? for Southwest...
With cash from a $675,000 stock issue and a $300,000 bank loan, Davis bought ten more DC-3s. He made a profit ($65,528) in his first full year, then ran up a $62,137 loss in 1949 has been in the black ever since. Last year his profits were up 77%, to $144,562. Piedmont has carried 515,695 passengers a total of 115.8 million miles without an injury, and its stock has risen from $1 to $3.50. Moreover, asthma no longer troubles...
...porters are doing good work, 3S% the porters are doing fair work, 31%; the porters are doing poor work...
...also benefit in equipment. Northwest, which had trouble with Martin 2-0-2s (TIME, April 23), and has now sold or leased them, has a fleet of ten Boeing Strato-cruisers to kick into the fleet. In addition, Northwest and Capital would pool 49 DC-4s, 35 DC-3s, and five Constellations (with seven more on order by Capital...