Word: barbours
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Most bulls were betting that the deadend marker would not be reached until the industrial average hit at least 250, a relatively conservative mark of only ten times current earnings. The Chicago Journal of Commerce's Justin Barbour, the Middle-west's expert on the Dow theory, went even further. "The current rise is still the first primary rise of this bull market," wrote he. "Barring war [it] is likely to run into 1951 and above 300 for the industrial average." And J. H. Allen of Manhattan's Cohu & Co. bravely predicted that this was only...
...other winners are: Al Capp, "Li'l Abner" creator, and businessmen William E. Barbour, John L. Gillis, and Richard S. Morse...
Dilution. Tracerlab's President Barbour is an M.I.T.-trained electrical engineer who had made a killing in Massachusetts' Raytheon Manufacturing Co. stock. He risked the major part ($26,000) of Tracerlab's first capital and started making an "Autoscaler," a highly sensitive machine for hospitals and laboratories to measure radioactivity. Tracerlab also began marketing elements which had been made radioactive by insertion in the Oak Ridge atomic pile. Tracerlab put these radioactive isotopes in usable chemical forms for hospitals and laboratories...
When the company began to run out of money, Barbour found an angel in American Research & Development Corp., a venture-capital group of hardheaded New England businessmen (TIME, Aug. 19, 1946). With $150,000 of American Research's money, and the stock issue, Tracerlab was put on firm footing...
...Bill Barbour has already set his gauges on bigger business radiations. Last week, with French bankers and industrialists, he set up Tracerlab's first foreign affiliate, France's "Saphymo" (for Société d'Application de la Physique Moderne), planned to start production overseas. For next year, Barbour, cannily aware of the atomic age's "uranium rush," already has a new product on the books: a portable radiation detector for prospectors...