Word: shear
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Died. Dr. Theodore Leslie Shear, 64, Princeton University's famed archeologist, whose best-known excavation was the 1931-39 Rockefeller-financed ($1,200,000) unearthing of the market place of ancient Athens; of a heart attack; at Lake Sunapee...
...advocate any Dumbarton Oaks plan, and then shear ourselves of the power to carry it out, would be even worse than our refusal to join the attempt at world organization...
...Shear Sucker. At Bryants Pond, Me., Farmer Claude Cushman, who had sheared his flock during a warm spell, had to run around to the neighbors when the temperature dropped again, collect all cast-off sweaters that he could find for his shivering sheep...
Certainly the market will boomerang one of these days . . . but not until the buying power of potential security purchasers is completely exhausted. And with the backlash will come a paring of prices that will shear off points from the blue chips as well as the canine variety...
Where Now? Not for several months will the House Committee report out a bill on securities-acts amendments. When it does, it is not likely to shear away any real powers...