Word: sec
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Dates: during 1940-1949
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...designed by engineers and cursed by music-lovers. Built to stifle reverberation, it was acoustically satisfactory for variety shows, bad for symphony concerts. (The best auditoriums allow tones to bound about and scatter until they attain depth, warmth.) Toscanini accepted 8-H uncomplainingly, but admitted it was "too sec." Musicritics complained about the studio's woolliness. Last fall, when Leopold Stokowski took over the NBC Symphony, he balked at playing in Studio 8-H, induced NBC to accept an inconvenient, expensive substitute: moving the orchestra to Manhattan's Cosmopolitan Opera House...
...this general lowering atmosphere,* Congressional moves to suspend SEC's death sentence for the duration did not even help hard-pressed utility shares-they sank to the lowest levels ever. North American, Public Service of New Jersey, Southern California Edison and similar stocks fell so far that they yield 10 to 15% at current dividend rates, sell at one-fifth to one-half their highs in depressed...
Record. In Middletown, Conn., Wesleyan University Junior Eugene J. Frechette Jr. breathed deeply for three minutes, took three breaths of oxygen, then sat purple-faced, breathless, like-to-bust, for 20 min., 5 sec. When he finally let go, he had broken the known world's record...
...lead on the third lap, he pulled farther & farther away from the field. At the halfway mark he was twelve yards in front. With only three laps to go, he had stretched the gap to 15 yards. Trying desperately to overtake him, MacMitchell ran the final quarter in 60.3 sec., but it was not fast enough. Mr. Dodds beat him by two yards. His time: 4:08.9. World's indoor record...
...young Robert L. Stott, exchange board of governors chairman, thought all listed stocks should be sold on the floor, or what was a stock exchange for? So he cooked up the "special offerings" plan, spent ten months getting the SEC and exchange members to O.K. it. The commission on a "special offering" is six to twelve times that on regular sales, is ample incentive for any customer's man to get out and hustle. But it is less than a syndicate would charge for selling off the floor...