Word: ward
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Dates: during 1950-1959
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...million better than had been predicted a few weeks ago. Consumer inventories were also building up faster than expected. The figure: an accumulation rate of $5.7 billion, or $1.7 billion more than the early estimates. Much of the buildup was undoubtedly due to fears of a steel strike. Ward's Automotive Reports cautioned that auto dealer inventories may soon hit an alltime high of 1,000,000 unless production is cut back in late June and July...
...Detroit, spring was really spring for the first time since 1955. Sales in the first ten days of May were at a near record 19,768 new cars daily, so good that Ward's Automotive Reports predicted production of 500,000 units in May, another 500,000 in June, and possibly even another in July, traditionally the tailoff month in every model year. For steel, it meant one more increase, with schedules calling for 94.1% of rated capacity and record production of 2,665,000 tons this week...
...Peabody chose its greatest director, Frederick Ward Putnam, who was to remain in command until 1909, and, in the following year, it moved into the first installment of its present home on Divinity Avenue. From the very beginning, the Peabody collection had been poorly displayed because of insufficient financial endowment. As he soon found out, Putnam had to raise funds unendingly to alleviate this grave situation. In fact, the endowment of Peabody was so small that it could barely meet the necessary expenses of administration...
...split doubles their money. Actually a stock split does not of itself increase the stockholders' equity at all. The new shares are based on the same corporate net worth, thus are technically worth precisely half the old. Sewell Avery, former board chairman of Montgomery Ward, long opposed splits, sneered at them as "two hat checks...
Playhouse 90 (CBS, 9:30-11 p.m.). Stiff upper lips in the hospital ward, as displayed by Inger Stevens, Mary Astor, Victor Jory and Mildred Dunnock...