Word: firsts
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Dates: during 1940-1949
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With well-paced acts, some high-level ad-lib talk and a genial approach, This Is Broadway last week was one of the first of the summer TV sustaining shows to nab a fall sponsor-AVCO's Crosley Division (radios & TV sets). Though gratified by the windfall, Fadiman (who had been against the serious approach from the beginning) had urged all along that Broadway be changed from an hour-long show to its present 30 minutes. "One thing about this show," he once mused, "it's delightfully improvable...
According to union statistics, the steel companies could afford to pay. For the first half of 1949, the union said, profits of the 19 leading companies were estimated at $301 million, up 54.6% from 1948's first half (when operations were slowed down by a coal strike). In fact, said Nathan, profits had been even larger; many companies had hidden them in swollen depreciation funds. In the end, he argued, the raise would be good for the entire U.S., since "higher wages are proposed as a means of lifting buying power...
Last week, under able President William J. Murray Jr., McKesson passed a milestone. Announcing that sales for the year ending June 30 were a record $356.6 million, with a net $8,766,345, the company declared the first special dividend (25?) in its 116-year history...
Died. John William Dunne, 73, air pioneer who designed and built Great Britain's first military airplane (secretly tested by the War Office in 1907-08 and scrapped); in Banbury, England...
Died. Helen Emily Springer, 81, who shared her Methodist bishop husband's missionary work for 44 years, traveled extensively throughout Southern Rhodesia and the Belgian Congo, where she devised the first written medium for three native languages so that she could translate Christian literature into the vernacular; in Mulungwishi, Belgian Congo...