Word: levelers
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Dates: during 1930-1939
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...squirt and of a little mollusc named Crepidula. But he got his start in science before extreme specialization was as fashionable as it is today. So he is something of a jack-of-all-biology. Perhaps for the same reason he has the kind of extra-level head which men who are not specialists sometimes have. No dodo, despite his amiable nature, he has a merry tongue which articulates scientific problems with what the contemporaries of his younger days called witticisms. His present contemporaries call them cracks...
Coal: From 2,000,000 tons a week early in May production rose to 6,000,000 'cons at the end of the month, but coal freight shipments recovered to only 84% of the March level. After a few days of stocking up by utilities and other strike-hit consumers the after-strike boomlet fell off. Meanwhile, anthracite production slumped back into its customary stagnation...
Auto Sales: Only 30% ahead of 1938's subnormal level, auto sales clearly justified no production revival to the not so high 1939 peak. General Motors' Alfred P. Sloan Jr., long bullish, complained last week that the spring recovery had fizzled: G. M.'s May sales fell 3,559 from April, the industry sold about 10,000 units more than in April, but not so many as in March...
...mile, 60-yard-wide, sea-level Suez Canal is managed by an Egyptian company (Compagnie Universelle du Canal Maritime de Suez). Its neutrality, even in war, is technically guaranteed by an international agreement. But since Britain's life line is drawn out hair-thin as it threads this needle's eye, 10,000 British troops, 400 British airmen guard it. Since most of the stockholders are French, 19 of the 32 directors are Frenchmen (ten are British, two Egyptian, one Dutch). Italians have long clamored for lower Canal tolls and representation on the Board of Directors, chiefly because...
Trying to make headway under present circumstances upset market custom. Resigned to heavy industry stagnation, bulls turned to consumer stocks. Last week they bid up Barren's index of retailing chain stocks to the highest level since the August 1937 bull market. Such perennial market favorites as Chrysler, U. S. Rubber and U. S. Steel were forced to share popularity with stocks which speculators seldom bother with: food stocks-Standard Brands, National Biscuit, Kroger Grocery -even such a market bush-leaguer as Safeway Stores (third in number of stores, second in sales volume among U. S. food chains). Meantime...