Word: roses
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Dates: during 1950-1959
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Career: Joined Philadelphia's solid Drexel & Co. investment house, sold securities, rose to partner in 1940, became a civic wheelhorse in Philadelphia's Associated Hospital Service, Child Guidance Clinic, Boy Scouts, Navy League, also served as a private in the National Guard. Commissioned in Navy intelligence in 1942, he sailed in major campaigns (Southern France, Philippines, Okinawa, Iwo Jima), performed gallantly (two Bronze Stars), was mustered out as a commander after 42 months, rose to captain in the Reserve and retired...
...golden bull added still more muscle last week. Shrugging off a nip at margin accounts by the Federal Reserve (see below), the U.S. investor drove the market to still another historic high. Led by some of the nation's biggest corporations, stocks on the Dow-Jones industrial average rose to 637.04 at midweek. By the final gong at week's end, profit taking had clipped only 2.51 points from the mark to put the weekly gain at 13.17 points...
...Gains. The news pouring from Government and corporate statisticians told of gains all around. Industrial production for April rose two more points to another record high at 149 on the Federal Reserve index. Nondurables were up a point, and slow-moving durable goods were finally sprinting ahead with a four-point advance to 164 on the index and the highest level since early 1957. With the housing boom still clipping along in April at a record rate of 1,390,000 new homes a year, output of building materials was up sharply; so were appliances, TV sets, furniture...
RECORD BRITISH EXPORTS to U.S. last month rose to $100,520,000 from previous high (last January) of $73,920,000. Reason for the jump: increased car shipments, which account for nearly one-third of total. By contrast U.S. exports abroad continue...
Young Gavin often peeked around a boxcar for a glimpse of the old man ("nobody dared come into his presence uninvited"), rose through station agent to division superintendent at Spokane in 1916, the year Jim Hill died. Gavin kept on climbing, was made president in 1939, brought the Great Northern successfully through the trying days of World War II, afterwards was one of the first Western railroad men to modernize. In 1951 Gavin stepped out of the presidency and up to chairman of the board, the title previously held only by Hill and his son, Louis Hill. Until he broke...