Word: leveler
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Dates: during 1950-1959
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...have two kinds of exhibits in the Museum. Since we realize that much of our wonderful collection is of general interest, we show the most flashy material in the large halls, where our explanations are simple and directed to the layman who just wants a background at the level of Anthropology 1. The other type of exhibit is the highly specialized one, the sort of showing that only a very careful general observer could understand. These are designed as study aids for graduate courses and fill the smaller rooms. Their highly technical explanations of what the public would call boring...
...stock and raised the dividend quickly gained 18% in price over and above the rise in the market, held the gain six months later. But a group of 13 companies that split their stock without raising dividends temporarily gained only 5% in price, dropped back 8% below the market level by the end of six months. Nevertheless, in a rising market lower-priced, split stocks tend to move faster than the old shares, as long as the company's outlook is improving...
...what the public likes to pay. They also enlarge the supply of stock to keep up with corporate growth. Otherwise, as institutions have stepped up their buying of blue chips, the supply of stocks would have become so short that the price would have climbed far above the level that the public could afford. IBM would scarcely be widely held if it had not had many splits; one share today would cost more than $17,000. Thus, by seeking out new stockholders by splits, U.S. industry is making people's capitalism one of the major sources of strength...
Sales of room air conditioners generally follow the thermometer. The past two summers were cool, and the industry's sales were slow, sliding along at roughly the 1956 level of $3.2 billion. This season is shaping up as the hottest in the industry's 57-year history. Carrier Corp., the industry's Goliath (total 1958 sales: $252.5 million), is selling room units 32% ahead of last year, and Fedders Corp., biggest seller of room units (fiscal 1958: $53.9 million), is running 10% ahead in shipments. In March alone, Westinghouse, which has air-conditioned everything from President Eisenhower...
...Hellman. They were dealing with the breakdown products of natural human hormones as they go through the metabolic cycle. From the breakdown of testosterone and related hormones the researchers found two potent derivatives: androsterone and etiocholanolone, with properties different from those of their parent substances. Example: androsterone lowers the level of circulating cholesterol (though testosterone may raise it), may thus be useful in combating atherosclerosis and reducing the danger of heart attacks and many strokes; etiocholanolone triggers a rise in body temperature, may be involved in mysterious fevers and some rheumatic diseases...