Word: biggest
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Dates: during 1940-1949
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Fortunately for Rutgers - and for mankind - Dean William H. Martin of the College of Agriculture saved Dr. Waksman from the ax. Within two years Selman Waksman's "playing around with microbes" had paid off with one of the biggest jackpots that has ever gushed from a scientist's laboratory. Dr. Waksman (rhymes with boxman) had become the discoverer of streptomycin, which ranks next to penicillin among the antibiotics and is the first of these "wonder drugs" to show hopeful results in the treatment of tuberculosis...
...biggest class of germs against which no drug (antibiotic or otherwise) has been found effective: the viruses. Rutgers has just added a virologist, Dr. Vincent Groupe, to Waksman's staff. Thus far, Groupe can report no progress, but neither can other virologists; the job may take years. But Waksman is sure that some day, somewhere, something will be found to ease the horror of poliomyelitis and the nuisance of the common cold. That something may well be an unknown microorganism fighting its battle in the soil...
Cutbacks. With production at a peak, General Motors pushed third-quarter sales to $1,580,405,459, up 32%. Its quarterly profit of $198.7 million v. $120.3 million in the 1948 quarter was the biggest in corporation history. In expectation of an extra dividend, G.M. stock rose to a new 1949 high of 68. But General Motors' President Charles E. Wilson and Chrysler's President K. T. Keller both warned that the steel strike had hurt even if it should end this week...
Nipped Heels. With old-fashioned competition now in full cry, the race was to the swift, but not necessarily to the biggest. Some giants were holding their own; e.g., Procter & Gamble. Under its hard-selling new president, Neil McElroy, who worked up through P. & G. advertising to the presidency last October, the company boosted its net from $13.2 million to $19.7 million (a gain of nearly 50% for the Sept. 30 quarter). International Business Machines' Thomas J. Watson turned in a $24.7 million net for the nine months, up 16%, while most of his rivals felt declines. But many...
...Morgan offices at 23 Wall Street, Morgan Partner Thomas W. Lament called a council of war with five of Manhattan's biggest bankers: Charles E. Mitchell, William C. Potter, Albert H. Wiggin, Seward Prosser and George F. Baker Jr. (J. P. Morgan himself was in Europe.) About 1:30 p.m. they sent the "Morgan broker," Richard Whitney,* to the Stock Exchange's No. 2 Post, where U.S. Steel is traded. Cried Whitney: "I bid $205 for 25,000 shares of Steel." He moved on to other posts, cried other bids for huge blocks at the price...