Word: panning
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Dates: during 1940-1949
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Last week the U.S. plunged headlong into a season of Gershwin such as no composer has ever had before. It premised to outdin by far the boom of Mozart (aided & abetted by the phonograph companies) four years ago on the 150th anniversary of his death, and the 1941 Tin Pan Alley reglorification of Tchaikovsky which finally led to a tune called Everybody Makes Money but Tchaikovsky...
Lesson for Pan Am. Actually, the rise in stocks, notably those of the airlines & aircraft builders, caught many an expert flatfooted. For example, when Pan American Airways Corp. planned new stock issues last December, it thought it safer and cheaper to make a deal with Floyd Odium's Atlas Corp. to buy any unsold stock, up to $25,000.000. For its financing, Atlas received an option on 500,000 shares of Pan Am at $18 (TIME, Dec. 18). Last week, Pan Am canceled the deal. Reason: Pan Am's stock was up to 28, higher than even Pan...
...island which had been only a Pan American Clipper stop before the war, five great airfields were clawed out of the hills and jungles. In & out of them flew mail, passengers, plasma, wounded. From the great asphalt acres roared the Super-forts of the 21st Bomber Command. Where Standard Oil had once maintained a few oil tanks, there were now enough facilities to hold four days' output of all the oil wells in Oklahoma...
...mother put two eggs and some potatoes in a frying pan and Phil talked about the war: about K rations and the time he rode a German motorcycle to get some ammunition. Mrs. Small turned the eggs over. "It don't seem hardly possible that you got over there and got back," she said. Pfc. Small sat on a stool and put his feet on the stove rail. "There's nothing to it," he explained. "They fire some shots at you and you lie down and fire some shots back...
AVCO's present structure-now much simplified from the jerry-built organization Victor Emanuel found whisked together-is composed of the following holdings: 1) Consolidated Vultee Aircraft Corp. (Liberators), 29.6%; 2) New York Shipbuilding Corp., 59.3%; 3) American Airlines, 24.1%; 4) Pan American Airways Corp., 9.2%; 5) American Central Mfg. Corp. (kitchen sinks and cabinets), 60.8%; 6) Roosevelt Field Inc. (on Long Island), 20%; 7) American Propeller Corp., 100%; 8) Lycoming Division (small aircraft motors), 100% ; 9) Spencer Heater Division, 100%; 10) Republic Aircraft Products Division...