Word: built
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Dates: during 1950-1959
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...harvest season. But the harvest could not wait. In the finest autumn weather in years, giant combines cut wide swaths through fields of standing wheat, spewed out rivers of top-grade grain. Commercial elevators were soon chockablock. Farmers braced old sheds to withstand the fluid pressures of loose wheat, built new barns to hold the flood, and when all the sheds were filled, piled their wheat in amber hillocks on the ground. When the harvest was in, Canada's supply of wheat on hand stood at 992 million bushels...
...REFUNDS are in prospect for dozens of companies which got partial fast tax write-offs on plants built during World War II. The U.S. Supreme Court has upheld a lower-court ruling that Ohio Power Co. should get a $6 million refund because it was allowed only a 35% write-off on an $11 million plant. Under the law, it should have been allowed 100%. The ruling opened the way for refunds to 39 companies with claims of $62 million...
...into the black. McNamara found the chain burdened by paper work and centralized control that failed to respond to local needs. McNamara set up nine semiautonomous branches, whose managers do their own buying, advertising and pricing. He bought out nine competing companies (358 stores), closed up white-elephant outlets, built new ones in new neighborhoods. Result: National today has fewer stores (738 v. 880 in 1945) but it has boosted volume per store...
Died. George A. Ball, 92, financier, philanthropist, last of five brothers, who built one of the great U.S. fortunes on the Mason jar and the purchase in 1935 of controlling stock in the Van Sweringen railroad empire (23,000 miles, including the Chesapeake & Ohio and Missouri Pacific) for "about the price of two first-class locomotives," which he sold for $6,375,000 in 1937 to a group headed by the New York Central's Robert Young; in Muncie...
...Davis has unearthed some strange phrenological lore. There was, for instance, the man who picked horses by studying the shape of their skulls. Horace Greeley suggested that in the interests of safe train travel, brakemen should have the right-shaped head. There was even phrenological housing: Orson Fowler had built a mansion in the shape of an octagon, which started quite a fashion for octagonal houses...