Word: lester
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With his own sales down 33% (for Ford) and 65% (for Mercury), Ford President Henry Ford II showed stockholders a first-quarter ledger with earnings off 77% to $22.7 million. Chrysler Boss Lester Lum ("Tex") Colbert had to face up to a $15.1 million loss-the biggest ever-with sales down 53%. Only General Motors President Harlow H. Curtice has anything to crow about. Chevy has bumped Ford out of the No. 1 spot; G.M.'s overall first-quarter sales were off only 11.6%, its earnings down 29.1% to $185 million; G.M. cars, though down in volume, have captured...
...ailing auto industry, the Chrysler dividend was a casualty. President Lester Lum Colbert reported a first-quarter loss of $15,139,802, almost $2 a share, and reluctantly announced a cut in the dividend from 75? to 25? to conserve cash. Ford did much better, though its earnings dropped from $1.85 in the first quarter of last year to 42? in the first quarter of this year. Nevertheless, it will pay its next quarterly dividend...
...Lester Lanin, who has played for President Eisenhower's birthday balls and similar events, has set up shop in one corner of the quadrangular building, and his long-winded musicians stop but twice during the entire three-hour dance. My Fair Lady mingles with Pal Joey, white dinner jackets mix with black ones, red chemises mix with red jackets; but the lights blend all into violet. Some dance in the circle created by the shower curtain, while the jowly policeman at the door smiles benignly at the scene...
GARNER M. LESTER...
Liberal Leader Lester Bowles ("Mike") Pearson cautioned that Diefenbaker's vision might endanger relations with Canada's closest neighbor and best customer, the U.S. But Diefenbaker's speeches, vibrating with evangelical fervor, wrung cheers from Newfoundland fishermen who still use Elizabethan turns of speech, touched off one of melting-pot Winnipeg's wildest political demonstrations. And most surprising, it galvanized French-speaking Liberal Quebec into returning the biggest Tory delegation (50 of 75 seats) it has ever sent to Ottawa...