Word: backing
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Dates: during 1930-1939
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Honorary Secretary C. I. Blackburne of Surrey's Haslemere Educational Museum, who managed the British end of the experiment, had no idea last week how soon, if at all, the storks would get back to Poland. "If they find a nice farm," he said, "with a frog pond they might decide to stay quite a while...
...improved in recent years. Technique at present is to bore a hole 500 ft. deep, drop a dynamite charge to the bottom. When the charge is exploded, vibrations resembling earthquake waves ripple out in all directions. Some travel straight down, and part of them are reflected back up with different intensities from layers of rock, sandstone, limestone, shale. Geophones on the surface pick up these reflected waves, and from the time intervals the prospecting engineers can tell how far down the different layers are beneath various points on the surface. If by this means they can plot something that looks...
Last December Secretary Henry Morgenthau Jr., who eight years ago was an agriculturist but now talks economics with some assurance, hooked his pince-nez on his nose and looked a twelvemonth ahead. Prosperity, he told his economic experts in the Treasury, would be back in 1939. By prosperity he meant something much closer to 1937's $69 billion national income than to 1938's recession income of less than $65 billions. Last week, while Henry Morgenthau was waving out the old fiscal year, the Commerce Department issued its figures on national income for the first five months...
...describing 1939's spring bull market as the one that walked away from the steel stocks and left them right where (some below) the last bear market had flung them. Last week the market ended its sorriest month in 18 years (11,967,390 shares traded), was slipping back toward depressed steels: after the rail stocks failed to Dow-confirm June 10's industrial high of 140.14 (TIME, June 26), the industrials had fallen more than 10 points...
...Lawson, onetime president of Colorado's Federation of Labor, resigned and took three months' pay. Into Rocky Mountain Fuel's offices in Denver moved William Taylor, president of Cleveland's Coal Mine Management Co. His aim: to reorganize R. M. F.. put it back on a paying basis. Colorado mine union leaders talked to Reorganizer Taylor, said they were satisfied no change in labor policies was intended...