Word: mid-august
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...mid-August, the House Commerce Committee shelved a measure to extend Federal funds to medical, dental, and nursing schools, after the bill had passed the Senate. Representative Percy Priest (D., Tenn.), a member of the committee, said that unless Congress took "emergency action," many medical schools would face financial ruin...
...Korea went on, the more it looked like the kind of war the Marine Corps had been bred to fight. This week the Marines ordered mobilization of all their 80,000 volunteer (i.e., unorganized) reserves. Fifty thousand officers and enlisted men would be called away from civilian jobs between mid-August and the end of October. The remaining 30,000 were warned that they would hear from headquarters soon...
Plucky little Minnie (Mrs. Charles) Guggenheimer, who started the concerts to entertain doughboys during World War I and had mothered them ever since, sent out an S 0 S asking for 50,000 stadium fans to pitch in a dollar apiece. Already one week of mid-August concerts had been lopped off the schedule. If the $50,000 was not forthcoming and the weather didn't improve, the 1950 season would end even sooner...
...registered an average midsummer gain of 16% over the spring lows) or the beginning of a long upward pull? One Philadelphia broker thought "Those who now remain on the sidelines might find themselves among the crowd scrambling for stocks 20 points higher." But many were still pessimistic. The mid-August short interest was 2,006,119 shares, a 17-year high...
...price trend was still down. Following the lead of Crawford Clothes, Inc. (TIME, Oct. 25), two suitmakers, a shirtmaker, and a big men's wear retailer last week announced price cuts ranging from 6% to 20%. And the Department of Labor reported that food prices dropped 0.6% from mid-August to mid-September, with the result that the cost of living remained the same in mid-September as a month before, ending a steady advance of five months. (The index has still to show the effects of the newer food and clothing cuts...