Word: smackingly
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...determined Chinese financier K.P. Chen stuck a feather in his cap last week. From Chungking he wired Manhattan's Universal Trading Corp. to pay the final installment on a $22,000,000 Export-Import Bank loan smack on the tung-oil barrel head-nearly two years before the last installment on the loan...
...Groton-in cubicles with 8-ft. partitions, a bed, bureau, curtained cupboard, with a common washroom down the hall, with showers and toilets and 20 tin basins and 20 tooth-mugs in a row. This recollection looked good to the President. Said he: Why not build such dormitories smack on Washington's beautiful Mall, a 13-block-long stretch of greensward in the heart of town. Charge the girls, say, 50 cents...
...Cuban sugar is now earmarked for alcohol. The grain bloc in Congress is howling for alcohol from corn or wheat instead-though that bloc also objects to letting Commodity Credit Corp. sell its grain stocks below parity (which makes grain alcohol cost more than sugar alcohol). This proposal runs smack into trouble from the industrial alcohol industry because only 40% of the whiskey distillers are equipped to make 190-proof alcohol. The other 60% can make only 140-proof, which would then have to be raised to 190 by the industrial alcohol producers, who much prefer their present, more profitable...
Panagra started about 1928, when Pan Am was first nosing into South America. On the east coast Pan Am had no U.S. competition. But in the west Pan Am ran smack into Grace, which has toted Chilean nitrates, Colombian coffee, Peruvian copper and Panama hats in its green, white & black funneled ships for decades, considers that part of South America a state of Grace. Grace was thinking about an airline to complement its shipping business. So Pan Am and Grace made a deal-each anted up $500,000, agreed to own and operate Panagra, 50-50. Panagra started flying...
Reverting to its old tactics of knocking off the leading contenders for the league title, the Harvard basketball squad snapped back off the floor where it had been put by Princeton the night before to smack Penn Saturday night by a score of 53 to 40 at Philadelphia...