Word: fortnights
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When Burlington Mills Corp. (Bur-Mil), largest U.S. weaver of rayon goods, slashed its prices 10% to 25% a fortnight ago, its 52-year-old Chairman J. (for James) Spencer Love made a calculated gamble. He was betting that the price of rayon fiber, which Burlington has to buy to weave its fabrics, would soon come down enough to make up the difference...
...face of small-arms fire from U.S. editorial pages, the Army retreated in lumber-footed embarrassment last week. It had blundered, the Army admitted, in dishing up a fortnight ago the warmed-over, spiced-up story of pre-Pearl Harbor spying for Russia by Japanese and German Communists in Japan (TIME, Feb. 21). Most of all, it had blundered in charging, without documentation, that leftish Journalists Agnes Smedley and Guenther Stein were actually Russian spies...
...Pure in Heart. Chile was already attracting U.S. investment. Last fortnight the Chilean government announced that U.S. firms were scheduled to put up $135 million for Chilean industries. Five million would be spent on a plant for manufacturing thread. Anaconda Copper had begun to spend a whopping $130 million-the largest single investment in Chile's history -on a new copper extraction process...
...Then, fortnight ago, 13-year-old Alma Tallantire came home from the Maltby Hall Secondary Modern School (Yorkshire) and refused to eat her egg. When her mother, Mrs. Lewis Tallantire, wanted to know why, Alma blamed a sex lecture for girls at her school which explained how eggs were made. Mrs. Tallantire explored further, discovered among Alma's childish effects pictures copied from the school's blackboard. Said indignant Mrs. Tallantire: "[They] would label me as a dirty woman if they were found in my handbag." She compared notes with other mothers, heard that their daughters had lost...
After last fortnight's sharp drop in grain prices, traders last week hoped that prices might steady. Instead, the biggest sinking spell in a year hit the Chicago grain pits at midweek. In one day, all grain futures tumbled their legal limits. In the cash markets, corn hit its lowest price since April 1945 (at Chicago, No. 2 yellow corn dropped from $1.27 a bushel to $1.17). Oats and rye also broke through the levels of OPA days...