Word: indios
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Dates: during 1940-1940
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Odlum's Meditation: Two months ago Tycoon Odlum went out to the desert ranch which his wife (No. 2), Aviatrix Jacqueline ("Jackie") Cochran, owns at Indio, Calif., 130 miles east of Los Angeles. He had thinking to do. Since end of 1929 U.S. investment trusts have suffered dollar & prestigewise (TIME, March 25). Atlas alone had conspicuously beaten the game. Its asset value per common share had risen from $5.06 to $12.80-153%. It had distributed nearly $60,000,000 of its peak assets, plus around $20,000,000 in dividends. What was left in the kitty was largely profit...