Word: weekes
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Dates: during 1940-1949
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Said Dr. John Albert Wilson, Director of Chicago's Oriental Institute, when he heard of the Johnson theory last week: "If Professor Johnson has finally set the beginning of the Egyptian calendar for us, we owe him a debt for the next 52 centuries to come. . . . Unfortunately [it appears] that he went to the planetarium with one or two dangerous assumptions [e.g., that the Egyptian calendar started in June]. We shall have to agree with his assumptions before we can present him with a starry crown for achievement...
...Last week RFC and SEC spoke out. The answer in both cases was no. RFC refused its loan. SEC ruled that the No. 1 subsidiary could not pay Associated the necessary sum because it had not been earned. This decision Mr. Whiteford had seen coming because he well knew that SEC was more concerned about Associated's operating and sub-holding companies (with outstanding securities of $539,139,000 in the hands of the public) than it was about Associated at the top of the heap...
...considered the most tangled of the utility systems. By putting on pressure where it did the most harm, SEC had maneuvered it into reorganization-where SEC and the courts will have a chance to make it over. Soon to lose his new job, Mr. Whiteford was being discussed last week for appointment as one of Associated's reorganization trustees...
...reduce the rate be low that for one. For years the Interstate Commerce Commission has maintained that lower rates on big shipments would be free lunch for big business. On account of that, able John Lansing Beven, president of Illinois Central, was a pioneer last week. Up the I.C. tracks east of the Mississippi one of his locomotives dragged a 40-car lot of blackstrap molasses (sugar refinery residue) for 15? a cwt., although the car load rate is 17?. I.C.C. had just granted him and other Mississippi Valley rail roaders the right to quote trainload rates on blackstrap...
...Detroit last week General Motors Corp. celebrated an event that has yet to happen in any other nation: off Chevrolet's assembly line rolled the 25,000,000th General Motors car. Meanwhile, older mass-producer Ford was nearing its 28,000,000th; and younger mass-producer Chrysler had passed its 7,500,000th. All together, all motor makers of all other nations have yet to build their 19,000,000th...