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...living at it. Once he ran a pants-pressing establishment in Harlem and only made music after hours. "We done a helluva lot of pressing in the mornings," he recollects. In 1949 he settled down in Paris. Ordinarily, he may be heard in a Left Bank boite called Club du Vieux Colombier, where beer comes high ($2 a bottle) and the inevitable French jitterbug couples in turtleneck sweaters make dancing perilous. Sidney's real money rolls in from other sources: concerts and recordings...
They Stand Accused (Thurs. 8 p.m., Du Mont) had an earlier four-year run on TV, which ended in 1952. It has begun again where it left off with the same hesitant direction, the overacting by bit-players (one blonde actress all but snapped her gum at the defense attorney), and the startled looks of other actors who unexpectedly find themselves on camera. The hour-long show attempts to simulate the drama of the courtroom, using real lawyers from the Illinois bar and having twelve members of the studio audience serve as jury. Sometimes the cases are interesting in themselves...
...year was the only yardstick. But well-managed companies no longer take such a short view. Now, the profit picture is projected over a period of years. Frequently a well-managed company will sacrifice short-range profits and dividends for long-range gains. e.g., Du Pont spent $27 million before it had nylon ready for commercial production. Moreover, shrewd managers do not become complacent even when their profits, year after year, are large. The test is whether the company's profits are growing along with the industry trend. For example, Montgomery Ward's percentage of profit...
...sixth, while Pullman Co. dropped from eighth to 81st, Singer Manufacturing from 13th to 79th and Pittsburgh Coal (now Pittsburgh Consolidation Coal) from 15th to 94th. Five companies among the first ten on the 1948 list (General Motors, second; Standard Oil of Indiana, fourth; Socony-Vacuum Oil, fifth; Du Pont, eighth; Ford Motor Co., tenth) did not even appear among the first 100 in 1909. Says Kaplan: "Industrial leadership at the big business level is precarious...
Short Snorter. In Manitowoc, Wis., Ray Du Val, flustered at arriving late to defend his beer-drinking title, downed a gallon instead of the required half-gallon, still beat his nearest rival by ten seconds, explained his tardiness: "I was at the bar down the street having a beer...