Word: california
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Dates: during 1940-1949
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Along University Avenue at the University of Southern California one afternoon last week, some 100 students huddled in the rain, waiting for the voice that would soon come through the loudspeaker. Inside Bovard Auditorium, 1,500 more waited in their seats. Finally, Professor Frank C. Baxter, dressed in a 20-year-old dark blue suit, mounted the podium and took his place behind a-lectern piled with books. As the murmuring and chattering stopped, the professor began to read...
...sons) on the income from Stardust, written in 1929. Says he: "It's practically an annuity." He still felt "like a rank amateur" after his first long-haired composition, but he confessed he was already at work on a second. This one, he said, would be about the California redwoods and would be "sort of austere, with an ecclesiastic, cathedral-like quality . . . 'Lofty' I think would be a good word...
Because the risks are generally considered too great, most surgeons shy away from operating on old people. So when Manhattan-born, European-trained (University of Budapest) Dr. John Toma was appointed attending surgeon for the 500 residents of two California homes for old folks, he knew that his job would not be an easy...
...right on growing. On three successive days last week, trading topped 2,000,000 shares, making it the most active week since the big rise of May 1948. The Dow-Jones industrial average rose 3.37 points to 198.05, the highest since August 1946. Most spectacular rise: Superior Oil Co. (California) which in three days jumped 69½ points to 227 on the news of a plan to split it into two gas & oil companies. Wall Streeters now expect the next test of the market at 200. If the bull gets over that hurdle, he might run pretty fast...
Oakey L. Alexander, president of Virginia's Pocahontas Fuel Co., Inc., shocked his friends last week as much, he said, as if "Harry Truman had joined the Young Republican Club." The boss of one of the biggest U.S. soft-coal producers went into the oil business. With California Oil Co., a subsidiary of Standard of California, Pocahontas plans to spend about $1,500,000 building an oil terminal at Portland, Me. The 192,000-bbl. terminal will be supplied by Cal-Standard tankers...