Word: new
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Dates: during 1930-1939
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...painting since dealers' prices in this field skyrocketed in the '203, it gave ever-suspicious private buyers a line on whether prices had been puffed up unduly. With collectors making most of the high bids, dealers were vindicated. Chunky, art-loving Walter P. Chrysler Jr. set a new U. S. auction record for Cézanne by bidding $27,500 for a sombre portrait of Mme Cézanne. An anonymous collector paid $19,000 for van Gogh's high-keyed portrait of Mile Ravoux, smeared on the canvas with a palette knife...
...priming because it is a failure; recognition of the profit motive as an incentive to produce; a return to economy in Government expenditures; amendment of the National Labor Relations Act "to guarantee to employes real freedom in the selection of their representatives"; modification of the Securities Acts to encourage new capital investment...
...House Select Committee on Investigation of Real Estate Bondholders' Reorganizations roundly spanked the firm's reorganizers (most of whom were bankers who had financed Fisk) for sacrificing the bondholders to suit their own fiscal interests. The old company was sold for $3,030,000 to a new corporation which wrote it up to $13,000,000, but new Fisk Rubber Corp. was clean in one respect: it had no bonded debt. And it prospered...
...Rubber is No. 2 U. S. tiremaker (No. 1, Goodyear). Its President Francis Breese Davis Jr. wants to expand without increasing the total U. S. tire production facilities. Fisk will give him a first-rate trade name, a going concern with a best-selling tire (Safti-Flight), plus New England tire plants that U. S. Rubber lacks. Also important, the deal will give U. S. Rubber valuable Fisk tire patents...
Through the night the long windows of Pratt & Whitney's aircraft engine plant glow with an eerie, blue-green light. Through the streets of East Hartford, Conn., freight cars lumber along old trolley tracks from the plant to the New Haven Railroad. The air of the whole neighborhood palpitates with the muffled thunder of Wasps and Hornets on test stands in the research buildings. And every six seconds the white finger of the airport beacon flicks over the fleshening skeleton of a huge new factory extension growing from the main plant...