Word: nickell
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...average reached 228.94, thus breaking through the previous bull market high of last June and climbing to the highest point since September 1930.* Railroad stocks, which had been pacing recent market advances, also rose; their Dow-Jones index was the highest since August 1931. One gold-plated performer: the Nickel Plate Railroad which, after a 19-point gain last week, shot up another 20½ points...
Before he quit this week, Munitions Board Chairman Hubert E. Howard (see NATIONAL AFFAIRS) gave a terse summary of the state of industrial mobilization. Said he: "We have programed practically every nickel that Congress has voted . . . [Out of] the $30 billion Congress is voting for defense, some $14 billion is going for hard goods-guns, tanks, planes, electronics, etc. . . . The guys who are going to have to make the stuff know what is expected of them...
...Harder? The fast price rises and sudden shortages of materials made plain that the armament load would hit civilian production much harder than expected when the arms actually began to roll out in the next six months. (Nickel was already so short that some automakers were talking about going back to painted "chrome work" as in early World War II days...
Sensitive Ears. In Chicago, when Lilly B. Johnson put a nickel in a jukebox and got his tune right away, a stranger who had already put in a nickel pulled out a .38 revolver and shot Johnson in the neck. In Andover, Mass., William Albert Trow willed West Parish Congregational Church $5,000, specified that it was to be used in part for eliminating "motor and other noises" from the church organ...
...nickel in the piccolo!" cried one of the fishermen. Thereupon, following their song leader, they broke into a high, happy chantey. The Bendix men had never heard anything quite like it before...