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Wall Street professionals found plenty of reasons for the rise: brisk auto sales, some cooling of the Berlin crisis, and the expectation of more Government spending in the wake of last week's Democratic election victories. But the sharpest spur to the market came from General Motors Corp., which raised its annual dividend from $2 to $2.50 per share by declaring its first year-end extra dividend since the record auto-sales year of 1955. Avowedly based on the prospect of fast year-end auto sales-because of the August auto strike, G.M.'s third-quarter earnings were...

Author: /time Magazine | Title: State of Business: Earnings: Up | 11/17/1961 | See Source »

...junta is doggedly unsentimental. Engagement rings and dowries are out. Funeral services may no longer be pompous, lengthy and expensive as in the past, but should be brisk, cheap and austere; among other things, the custom of bowing three times before the funeral altar will be streamlined down to a single bow. Newly forbidden is the use of wooden, disposable chopsticks in Korea's 11,676 restaurants and teahouses-the government wants to conserve the country's dwindling timber reserves; instead, the use and reuse of plastic chopsticks is urged...

Author: /time Magazine | Title: South Korea: The New Life | 11/3/1961 | See Source »

...Palm Beach, who explained that they wanted to be freer to travel. Their treasures were a choice, if uneven, selection of modern paintings, sculpture and drawings, and it had both Parke-Bernet's main gallery (white tickets) and TV annex (pink tickets) jammed to overflowing. The bidding was brisk: a curt nod, a quick wave of a pencil, an almost imperceptible gesture with a finger-the secret semaphore of auctioneering-would send the bidding up anywhere from $100 to $5,000. When the auctioneer had exhausted every other trick in his bag of cajolery, he would invoke the ultimate...

Author: /time Magazine | Title: Art: A Wonderful Investment | 11/3/1961 | See Source »

Last Curve. The Death Circuit was bathed in a soft, hazy light, and pennants fluttered in a brisk breeze as Von Trips and 31 other drivers gunned their racers to the start of the 267-mile race. A crowd of nearly 50,000 packed grandstands and bleachers, and pressed against the wire fences at the edge of the 6.2-mile course that winds through a boomerang-shaped road circuit and a broad speed oval. They had come to see the five blood-red Italian Ferraris-all but one members of Enzo Ferrari's superb factory team. When the cars...

Author: /time Magazine | Title: Sport: Desperate Desire | 9/22/1961 | See Source »

...Harbor last week cruised the Queen Mary with a novel come-on: 20 slot machines set up in the first-and cabin-class smoking rooms and the tourist lounge. All the way across the Atlantic, the "fruit machines" (as the Cunard Line labeled the one-armed bandits) did a brisk business. "The slot-machine area was the busiest place on the boat, busier even than the bar," reported Passenger Stanton Griffis, former U.S. Ambassador to Spain and Poland. "You couldn't fight your way to them...

Author: /time Magazine | Title: Modern Living: Gimmicks East & West | 8/25/1961 | See Source »

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