Word: autumns
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...bright with anniversary celebrations. Having lately joined with other churches in celebrating the centenary of the birth of Evangelist Dwight Lyman Moody (TIME, Aug. 17), U. S. Presbyterians next laid plans to recall the fact that Presbyterian foreign missions were instituted a century ago. From this spring to next autumn the centenary will be celebrated with a pageant, a play, many a speech and a broadcast dinner. To the Centennial Council it seemed that a special hymn was needed for their occasion and for one they offered $50. Last week three Presbyterian judges announced the winner from among 200 entries...
...Last autumn Transcontinental & Western Air infuriated its two major rivals, United and American Airlines, by cutting its fares about to railroad levels (TIME, Nov. 9). TWA took this risky step for two reasons: to counteract the usual traffic slump in winter and to counterbalance the fact that both United and American temporarily had more luxurious equipment. American got the first Douglas DC-3 sleepers last year, did not dare put an extra fare on them in the face of TWA's cuts. United, however, did add a $2 surcharge for the non-stop run from Newark to Chicago which...
Invited last autumn to speak to the students of brokerage at the New "York Stock Exchange "Institute," SECommis-sioner William Orville ("Bill") Douglas stirred up a teapot tempest in Wall Street by unburdening himself on the "unestablished value" of customers' men, a financial tribe marked for early SEC attention. Referring to the "practice of gentlemen teaching gentlemanly ways of redistributing the wealth of their clients," tart-tongued Bill Douglas went on to observe...
...gusty Gone With The Wind at $3. Reason: the book which has sold at the rate of 3¼, copies per minute since it was published last June has been a favorite object of price wars between Manhattan department stores.* Swept back to Macmillan next day like autumn leaves were 35,940 copies of Gone With The Wind, returned by R. H. Macy & Co. under terms also stated in the fair trade law. To mammoth, price-cutting Macy's, which has fought the law from the start and is out to publicize its opposition, there was little market left...
...took a turn for the worse when the Eccles warning was seconded a few days later by Secretary of Agriculture Wallace and Secretary of Commerce Roper. Pointing out that the South was now planting cotton under the "dangerous delusion" that the staple would fetch 20? per Ib. by next autumn (price last week: 14?), Secretary Wallace declared: "I think very definitely that the Government does not have sufficient powers now to effectively mitigate the wide swings of the business cycle." Bumbled Secretary Roper: "We must not let our optimism cloud vision and obscure danger signals." At once shares...