Word: transite
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Dates: during 1940-1949
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Best measure of its range is that the P-38 for months has been flown to combat areas, across the Pacific and both North and South Atlantic. Thus a new method of delivery avoids submarines, delays in ship transit, the need for unloading facilities and assembly stations at war-theater delivery points...
Getting to Work. Before the war, more than half U.S. passenger-car mileage was for business purposes. As gas and rubber supplies got short and employment soared, local transit business in Charleston, S.C. skyrocketed 622% last year; in Wilmington, N.C. 522%. War workers ride to & from Baltimore and Pittsburgh suburbs on wooden benches plunked into boxcars. Yet for 1943 only 3,000 new busses have been authorized, only 220 new trolleys...
Alexander Loveday, Director of the Economic, Financial and Transit Division of the League of Nations, in a lecture at the Littauer Lounge last night, emphasized that unless we plan ahead constructively for the transition to peace economy we will soon find ourselves again...
...timers on the Harvard scene are, by now, accustomed to new ways of doing things. Those who remember the days when gas flowed freely, and trips to near-by Wellesley were frequent, now see a great increase in the use of urban transit facilities...
...Monday seven of the ten most active stocks on the Big Board sold for less than $3 a share. Highest price in the lot was overcapitalized New York Central, which closed at 13¾, up almost 35% from its 1943 low. The No. 1 seller was Brooklyn-Manhattan Transit, a dead cat now being liquidated, for which eager buyers paid up to 1½, well over its estimated liquidating value. (B-M-T's George W. Jones hastily issued a statement warning investors away from his company...