Word: auto
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Dates: during 1950-1959
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Meanwhile. 52-year-old Millionaire Auto Heir Horace Dodge Jr. tangled with a blonde showgirl named Gregg Sherwood. He charged her with swiping four cigarette lighters and some perfume from his house, and had the Detroit cops pick her up. Miss Sherwood announced, with icy hauteur, that he had given her the doodads as gifts, and that he could not only have them back, but give up all hopes of ever sharing her friendship again. The cops waved Showgirl Sherwood on her way. Dodge, who is still married to his fourth wife, said: "Some people take me for a sucker...
Born: May 2, 1935 in Bagdad's Palace of Flowers. Son of fast-living, wild-driving King Ghazi who died at 27, bashed against a light pole in an auto accident, after a turbulent, disappointing six-year reign...
...this heat." He was ordered to limit his drinking to milk (with occasional mineral-water chasers) and his eating to meats and vegetables (thoroughly boiled) and stewed fruit. Writer Betty (A Tree Grows in Brooklyn) Smith was in a hospital nursing 37 stitches in her face after an auto crash near Louisburg, N.C. Old New Dealer Paul Porter, now director of economic affairs for the MSA office in Paris, was reported "fine" after an emergency appendectomy which broke up a dinner party. Slant-eyed Actress Veronica Lake had to cancel a summer-theater engagement in Framingham, Mass. because...
...such formula is already in effect in the auto industry. Forced by Congress to drop dollars & cents auto ceilings, OPS last week substituted ceilings based on dealers' percentages of profit. That will not necessarily mean higher auto prices immediately, but it will be so hard to check the various percentages of dealers that for all practical purposes there will be little control...
...their money on the winners. Most sparkling performer was Chrysler Corp. President Lester Lum ("Tex") Colbert reported a 20% jump in net to $44 million in the first six months despite a 10% drop in sales (to $1.3 billion). Chrysler's good showing, said the company, resulted from auto-price increases big enough (15% in a year) to overcome higher taxes (up 220%), and higher unit costs caused by restricted auto output (582,984 units v. 804,884 in 1951's first half). At the news, Chrysler jumped 3 points to 82 ⅜, a new high...