Word: third
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Dates: during 1940-1940
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Pleased at having plucked this prize away from Lehman Bros, and Blyth & Co., who bid too low, Tri-Continental announced that its syndicate would keep a third of the shares, sell the rest. Rumor was that Newport News's President Homer Lenoir Ferguson, Annapolis man and head of the firm for 25 years, would step up to board chairman, boss the show from there, while his handsome Vice President Roger Williams, former Navy line officer, would take over as president...
...vessels eased from New York Ship.'s big ways, 67 (one-third of the tonnage) have gone to the U. S. Navy, among them the battleships Idaho, Oklahoma, Colorado, and the aircraft carrier Saratoga. Its merchant ships include the slick U. S. Lines liners Manhattan and Washington. Now it is building seven ships (all naval) worth $145,000,000. One of them, the 35,000-ton, $52,794,000 battleship South Dakota, puts New York Ship, in the odd position of a manufacturer producing a single sales unit worth more than four times as much as his total assets...
...caravan route of Marco Polo fame. Purpose: to build a motor highway connecting Sinkiang (Chinese Turkestan) with Soviet Russia. (Completed in 1938, this 2,000-mile highway soon became one of China's two last links with the outside world.) The Wandering Lake is Sven Hedin's third book to result from that 1933-35 expedition (others: The Flight of the Big Horse, The Silk Road...
...third will be in firing with the miniature Bishop Trainer. Developed to provide an inexpensive method of training, the Trainer shoots .22 caliber blanks with a ball bearing as a projectile and replaces the regular 75 millimeter gun which requires a long range and costs about $15 a round...
Over 1,500 alumni, some of them from as far away as Los Angeles and Pasadena, met in New York City this weekend in the forty-third annual meeting of the Associated Harvard Clubs...