Word: railroads
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Dates: during 1940-1949
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...Western Hemisphere's biggest railroad* got a new boss last week. To succeed retiring President Robert C. Vaughan, the government-owned Canadian National Railway Co. picked Donald Gordon, 47, deputy governor of the Bank of Canada, whose only direct connection with railroading had been as a passenger...
...longer called merely-or mainly-for a railroad operating man. Canada's most imposing example of government-operated business had become too big for that. Since C.N.R. was formed in 1923 out of the ruins of five separate lines, it has grown into a $2.4 billion empire which operates 24,178 miles of main track, twelve hotels, three steamship lines, an airline (TransCanada) and a nationwide telegraph service. It has become Canada's biggest employer (some 111,000). In recent years, C.N.R. has earned money on its operations, but, except for the war years, has seldom shown...
...loneliness and scantiness of a lot of city life-paintings that bite deeper than propaganda pictures of the "social-consciousness" school ever could. By contrast, Grandma Moses' glowing, not very "primitive" Out for the Christmas Trees and Louis Bouche's slapdash evocation of the New Lebanon Railroad Station, though just as true to American life, were as warm and easy to take as a sunshiny...
...Felix McGinnis, whose late husband was a railroad vice president (The Southern Pacific), was just as staunchly Roman Catholic. For her pretty daughter Claire, obviously nothing would do but a Catholic wedding. Ivan and Claire themselves, pious though they might be, were breathless with the thousand and one urgencies of a society betrothal. The ancient schisms of the Christian church can seem far removed, sometimes, from the exciting immediacies of Park Avenue...
Leading the market were the television shares, notably Admiral Corp., which declared a 100% stock dividend. For those who still swore by the Dow theory, regardless of its confusing "signals," there was also reason to cheer. The railroad average, lagging behind the industrial, now broke through last March's "resistance" point. To some Dow theorists, that was a sign that a bull market was in the making...