Word: 1930s
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Dates: during 1950-1959
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...into California's San Joaquin Valley to bring up to date a story of fault and weakness that fascinated the pundits 25 years ago. His question: Whatever happened to the Okies-the thousands of desperate farm families that fled drought and Depression and swarmed into California in the 1930s? The answer turned out to be a story of adversity that turned to strength for both a migrant people and a region of fabulous fertility. See NATIONAL AFFAIRS, The Harvesters...
Died. Philip Mangone, 73, women's-ready-to-wear manufacturer who developed the three-piece suit and the topper in the 1930s, in Manhattan...
Pick of the Quick. Angel of the Albright is a peppery Buffalo booster, Woolworth Heir and Banker Seymour H. Knox, who, back in the 1930s, captained his home-town East Aurora polo team in international matches. Putting up $100,000 in 1939 to launch the Contemporary Room, "Shorty" Knox, who had previously boasted little more than one lone Utrillo, was soon head over heels in love with modern art. In the last eleven years, Yaleman ('20) Knox has donated 75 paintings and sculptures, of which more than half are products of the current decade...
...recovery in bonds was also significant for the stock market. With bond prices depressed, bond yields for the past year have been running at the highest levels since the Depression days of the 1930s, and consequently closer to stock yields. (Last week the average yield on high-grade corporate bonds was 4.8% v. 5.9% for the Dow-Jones industrials.) Since stocks are inherently more risky, many investors switched to bonds or did not invest at all. But bond dealers now think that the Fed's action has established a firm bottom for the bond market, and that bond prices...
...average for high school coaches: $6,500), plus handsome bonuses and a high-priced side job as a TV football commentator, the Eagles got Charles Hinton Moser Jr., 39, a solid Missourian who played center for the University of Missouri and ripped up opposing lines in the late 1930s. A deep-voiced, ingratiating joiner, Coach Moser shook hands, made friends, and built a team whose drawing power earned the money for a brand-new $50,000 field house. After a winning season his first year on the job, Chuck was presented with a new Buick by members of the Eagles...