Word: aprill
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Dates: during 1940-1949
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...Dutch Kindelberger, the embarrassing fact was that he himself had fashioned the griddle, to keep his plant cooking after the wholesale cancellation of war orders (TIME, April 15, 1946). But Navion production had lagged because of delays in engine deliveries. When the planes finally came out, North American had no adequate sales force to sell them in the face of the light-plane slump. And the price of $7,750 was so far below cost-at the low production rate-that it became a wry joke. Once, when a prospect told Dutch that he would buy a Navion...
...Many Tires. The three biggest U.S. mail-order houses (Sears, Roebuck & Co., Montgomery Ward & Co. Inc., Spiegel, Inc.) cut tire prices as much as 12%. But tires were not the only things catching up with demand in the rubber business. Since rubber was decontrolled on April 1, the price of natural rubber has dropped more than 5? a pound to 18½?. Rubber for delivery in September (futures) dropped to around 16?, less than the 1939 price. Caught by the drop was the RFC, which bought & sold all U.S. rubber until April 1. It owns 110,000 tons of salable...
Bearing Down. From April 15 to May 15, the short interest on the New York Stock Exchange jumped about 30% to a total of 1,314,391 shares. It is now the highest since December 1945 and the rise was the sharpest since 1934. Despite this bearish view of the future, the New York Stock Exchange rallied from the year's low. At week's end the Dow-Jones industrial averages were up over three points...
...Macomber Affair. Hemingway's savage version of the war of the sexes with Robert Preston, Joan Bennett and Gregory Peck (TIME, April...
...Farmer's Daughter. Loretta Young, with Swedish accent, gives lessons in democracy to Politicos Joseph Gotten and Ethel Barrymore (TIME, April...