Word: atlases
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...biggest cash deal in Hollywood history was closed last week exactly as prescribed by the script. Howard Hughes gave an $8,825,690 check to Atlas Corp.'s Floyd Odium for its 929,020 shares of stock (24%)-and control-of Radio-Keith-Orpheum Corp. (TIME, May 10). (Atlas still kept an interest in RKO by its ownership of warrants to buy some 300,000 shares of stock.) Despite ample warnings of the change, RKO's staff got so jittery over their new boss that RKO President Nathaniel Peter Rathvon had to pour out soothing syrup: "Mr. Hughes...
...expect that a boner like that could get by TIME'S 44 editorial researchers, 32 contributing editors, 12 associate editors and 9 senior editors, just to mention a few. How about getting a good world atlas for the National Affairs Department? FRED R. SALCER The Bronx...
Howard Hughes climbed into his plane last week and flew down to San Diego, where Atlas Corp.'s Floyd Odium was inspecting Consolidated Vultee Aircraft Corp., one of Atlas' properties. Hughes was interested in another Atlas Corp. property: RKO. Since the dark days of 1935 when RKO and its chain of theaters were deep in the red, Atlas had gradually bought up 929,020 RKO shares, a controlling (24%) interest. Atlas Corp.'s management, and the war, had put RKO healthily into the black. Now Odium wanted to get out and take his profit...
...hour Hughes dickered with Odium about buying Atlas' RKO holdings. The best guess about the price: around $8,000,000. Then Hughes flew back to his Beverly Hills home to make up his mind. To the press Odium complained: "Under today's almost panicky conditions in Hollywood (TIME, Jan. 19) [no one] has the combined money and nerve to meet the faith of Atlas Corp. in the industry...
...their search for the organism that British scientists hunted in vain for 18 months (TIME, Dec. 22), Drs. Topping and Atlas first used sterile skimmed milk to wash the nose of a man just catching cold. The solution was sprayed into the noses of volunteers (inmates of the District of Columbia's Lorton Reformatory, who were paid $3 a week). They caught cold, too. Washings were then transplanted into chick embryos; solutions from the eggs produced the same thick "sinusitis-like" colds in other volunteers. All told, 57 of 60 human guinea pigs came down with colds...