Word: goodyears
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...opened the week with the biggest one-day break since 1955. The Dow-Jones industrial average plummeted ten points to 423.06, lowest level since May 1955. Every major group took a beating in the slump, with drops in such stocks as Du Pont, American Telephone & Telegraph, Bethlehem Steel, Goodyear, Alcoa and all but three of the 25 rails...
Until he was 27, Walker earned his living mainly by playing professional football, studied art and did commercial work on the side. He was a semipro at 15, a $40-a-week halfback on Goodyear Tire & Rubber's team at 25, later played for the Cleveland Panthers under the late great Jim Thorpe. About all Walker got out of it was a mashed nose (later straightened) and a fistful of broken fingers. Walker decided to quit and try art fulltime. "I wanted to keep my hands and my head in one piece, and not become a bum like...
...John W. McGovern. 62, moved up from executive vice president to president of U.S. Rubber Co., No. 3 in the industry (behind Goodyear and Firestone, with 1956 sales of $901 million), replacing H. E. Humphreys Jr.. 56, who will keep his other position as chairman and chief executive. Philadelphia-born President McGovern never got to college, instead took a two-year course in accounting before starting in with U.S. Rubber as an accountant in 1920. Working up the ranks, he was control manager of the tire division by 1933. His big jump came in 1941, when he rapidly organized...
...been going to hell all season. The passing of Robert Montgomery Presents is lamentable not only in light of its past glories but because it reflects the sudden high casualty rate among" TV's live dramatic shows. Others canceled for next season: the Kaiser Aluminum Hour, Alcoa Hour, Goodyear Playhouse, Armstrong Circle Theater and Lux Video Theater. Among the reasons: the best of the TV-bred playwrights are spending more time working for Hollywood; sponsors have been trying to play it safe with "surefire" subjects and scripts. ¶ Arthur Godfrey, by now widely regarded as something installed in radio...
Supply & Demand. While Congress acted to make more mortgage money available, builders and bankers argued whether the housing slowdown is primarily due to tight money or to a more basic slump in housing demand itself. Speaking to bankers in Buffalo last week, President George S. Goodyear of the National Association of Home Builders declared that it was largely due to tight money. Countered Manhattan Life Insurance President Thomas E. Lovejoy Jr.: "The supply and demand for housing has more to do with the drop in starts than high interest rates. Since 1948, we have been building so many houses that...