Word: lowe
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Dates: during 1940-1949
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...Again." When the British bombers converged on Billancourt from various directions last week, they encountered no defense except spotty machine-gun fire from the ground. Wave on close-packed wave of bombers plastered the Renault plant and the two smaller works for two solid hours. Some planes were so low when they delivered their loads that they caught a few splinters from their own bombs; even the heavy bombers were just out of machine-gun range. The bombardiers could see factory buildings falling apart "like houses of cards." They dropped leaflets saying to the French workers of Billancourt: The British...
Next day British reconnaissance planes impudently took low-altitude photographs of the ruins. The photographs showed heavy damage all over the Renault plant. Especially hard-hit were the tank assembly shops (microscopic scrutiny of the pictures disclosed wrecked tanks inside), the main gas tank, the power station. The only unscathed sections were the tire-making shop, which was not in the target area, and the Diesel assembly shop...
...rather than by number was spiked last week by War Secretary Stimson. The lottery system still prevails. If the Army wants a new batch of soldiers, they will be gathered from the rolls of all three previous registrations in proportion to the number of them in each pool, and low-number men will be the first selected...
Then came more trouble. Being unfamiliar with Government contracts, they showed a tentative price of $30 to a Chicago Ordnance officer. The Lieutenant looked at the figure, gasped, told them it was much too low. So they revised it to $42, added $6 more when the size of the order was cut. When the bids were opened, the pool's bid was rejected as $1 too high, despite the fact that they had all the needed equipment ready and could start work right away, whereas one of the successful bidders had to build a complete addition to handle...
...utility shares hit 12, lowest ever and only one-twelfth of 1929-5 145 peak. Railroad shares fell over a point, despite the 3-to-6% freight-rate increase they had been allowed on Monday (but rail stocks, at 26.3, were still 2 points above last year's low). New York Stock Exchange seats dropped too-one sold for $18,000, a 45-year low...