Word: motoring
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...many of his underlings, fed up with his imperious one-man rule, did. As such smart merchandisers as Walter Hoving (see below) and the Ford Motor Co.'s Albert Browning left, they jokingly formed the "Has-Been Club." In due time they took in 21 Ward has-been presidents and top executives. Not till Vice President Wilbur Harrington Norton, 44, became president in 1946 did Chairman Avery have someone who was ready to dish out rough treatment as well as take...
...Saturday's brief two-hour session, 2,590,000 shares changed hands-the biggest Saturday turnover since the feverish beginnings of NRA in 1933. As in the hectic days of 1929, single blocs of 3,000 shares and more changed hands without driving down the price (e.g., Packard Motor closed up ⅛ after one bloc of 21,000 shares was sold...
...Corp. showed other steelmakers what they could do about the steel grey market. J. & L. filed suits against two steel brokers (it asked $100,000 damages). The charge: the brokers said they had an "in" with J. & L. and could get 7,500 tons a month for the Ford Motor Co. at $75 a ton (the mill price was then $36). In Brooklyn, a federal grand jury indicted roly-polyIsadore Ginsberg, 52, and his son Maurice. (Ginsberg was scored as a "vicious grey marketeer" by a congressional committee probing the grey market in building materials, TIME, Jan. 26). The charge...
...captain and first mate of a Chesapeake Bay ferry zigzagged among anchored ships for three spectacular hours while passengers donned life jackets and awaited the worst. The boisterous pair finally ran the ferry aground, were arrested for operating a motor vehicle while under the influence of liquor...
Would the cuts be passed on to consumers? There were no signs of it, especially in the auto industry, biggest steel user. The recent increase in freight rates had more than canceled out the savings in steel. So some automobile prices were still rising. (Last week the Ford Motor Co. upped the price of its new Mercury, a heavier...