Word: short
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Dates: during 1930-1939
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Last week RCA-NBC television station W2XBS, after a not-too-impressive month of scheduled telecasting of variety, short plays, films and sport to the 900-odd sets in its 50-mile radius, announced that Referee Donovan's kindly wash was coming true. Its engineers had proved, in telecasting the six-day bike race at Manhattan's Madison Square Garden, that television could be transmitted over ordinary telephone wire. Engineers had considered coaxial cable, a copper wire threaded through separators inside a copper tube, the only practical ground conductor for the complex television signal. Since coaxial cable costs...
Since July 1937 U. S. chains have short-waved programs in six languages to nations overseas. They have done so only for good will-particularly the good will of the State Department-not for profit, because the Federal Communications Commission granted only "experimental licenses" for such broadcasts (meaning that the programs could not be sold to commercial sponsors). Last week the Commission issued regulations which put a new complexion on U. S. shortwaving...
...announced that henceforth it will issue regular licenses permitting short-wavers to broadcast sponsored programs. Instead of cheering, the big short-wavers grumbled as they inspected the gift horse's mouth. Reason: they fear that sponsored programs would be unpopular abroad, that their friend the State Department would then sponsor a Government radio station, that a Government station might soon become a rival at home as well as abroad...
...last murmur before giving in, the National Association of Broadcasters moved to have the regulations threshed out in public hearings. Meantime no short-waver signed up any advertising accounts, and one even so far endangered international good will as to broadcast to Germany in German how No. i U. S. Nazi, Bundfiihrer Fritz Kuhn, was arrested in Pennsylvania after an indictment charging grand larceny...
Last week if shorts did not lose their shirts, some of them lost their neckties. At the end of April the short interest amounted to 662,000 shares, a 48% increase in four months. In Chrysler stock (the No. i flier) the short interest had increased 176% to 65,000 shares. Shorts had gauged all too well that business was receding. Overenthusiastic pessimists who had had trouble finding buyers, suddenly found too many buyers. When professional buying began, the shorts ran to cover, joined the buying parade. Result: in two days the Dow Jones Industrial average rose 3.76 points...