Word: prewar
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...came out of World War II with a swollen freight fleet and a passenger fleet shrunk to half the prewar size. When shipping companies laid plans to build up the passenger fleet from 350,000 tons, a lowly fifth among the nations of the world, they found themselves stranded by high building costs. Even with the $178 million which Congress had voted in shipping subsidies, shippers were afraid to take a chance on the big, fast ships which they need to compete on the North Atlantic and the U.S. needs for defense purposes (i.e., military transports). Last week, with...
Steady Beat. The American Bankers Association felt the nation's credit pulse, found the beat normal. Although total consumer credit stood at a record $14,000,000,000, "it is far below the prewar peak in terms of national income," said the bankers. Best news: installment credit on automobiles, refrigerators, etc. still lagged $600,000,000 behind the 1941 peak...
Died. Henry Huddleston Rogers III, 42, Standard Oil heir, prewar tabloid character; of a liver ailment; in Los Angeles. A popular target for assault & battery suits (by his yacht engineer and his secretary), twice-married Rogers enjoyed his greatest notoriety when Musicomedy Actress Evelyn Hoey committed suicide at his Pennsylvania farmhouse...
...happened? In Washington last week, a dollarwise businessman, temporarily turned ECA official, looked up from his crop reports and exultantly pointed out some world food facts: wheat fields all over Europe are rich with promise; ECA countries' estimated crop of 30 million metric tons is only 5% under prewar production; the U.S., with the second-largest crop in its history-and some help from Canada-can make up what Europe needs...
William Saroyan, who has been rather uncommunicative since the prewar days when he dashed off short stories between breakfast and lunch, broke into the San Francisco Examiner with a sad short-short, among the real-estate-for-sale ads: "Approximately 30-year-old well-built ranchhouse . . . 30 acres . . . No garage, no barn . . . heating apparatus out of order . . . 12-party line . . . no bus . . . plenty of squirrels. Owner paid only $32,000 . . . He is keeping six or seven acres for himself as a monument to his real-estate sharpness. Will sell balance for $35,000. If interested have head examined, or telephone...