Word: programing
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Dates: during 1940-1949
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America's Town Meeting (Mon. 8:30 p.m., ABC). The 500th get-together, with a repeat discussion of the program's first topic (Which Way, America: Fascism, Communism, Socialism or Democracy...
When Ben Grauer was a cub announcer at NBC, back in 1930, he competed with ten other announcers for a program sponsored by Gobel's bologna. The other ten sounded very highbrow, but Ben got the job. "That's the man," the sponsor cried, "that's what I sell-baloney...
...going into the market to buy 326,500 long tons of flour (equal to 9,300,000 bushels of wheat) for April export. Ordinarily, the Government keeps its plans to itself. The reason for this announcement, said Anderson, was to give the trade an opportunity to study the program before the market opened...
...trade-and especially the speculators whom Anderson's boss, President Truman, likes to thump-did not need much study to know what the program meant. When the Chicago market opened next day, May wheat promptly jumped the permissible daily limit of 10? a bushel, with other futures not far behind. The rise in wheat pulled up corn, oats, soybeans and lard. By week's end, profit-taking by traders had reduced some of the gains. But Anderson held out hope for another rise. The Government, he hinted cheerily, might resume wheat-buying fairly soon...
...sweetened the market for a new 40,000-share common stock issue by announcing a record gross of $795,538,075 in 1947, a 20% increase over 1946. Net profits after taxes were $120,009,760, up 6%. Du Pont worried about "excessive construction costs" in its expansion program, set up a reserve that chipped $1.51 off share earnings, brought them to $9.88 per share...