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...those historic events which Wall Streeters see only a few times in a lifetime. For weeks, they had nervously watched the bull market climb, waiting to see if it would top the crest of 1946's bull market. The peak: 212.50 in the Dow-Jones industrial average. Last week, after a surging rise of 6.18 points in four days, the market passed the 1946 high. At week's end, the industrials stood at 212.55, the highest closing level since...

Author: /time Magazine | Title: WALL STREET: 20 Years Later | 4/17/1950 | See Source »

...ever picnicked on the crest of a sulfur pile, you'll realize why the Harvard-Radcliffe Chemical Society this week opened a lunchroom in the basement of the Mallinckrodt Laboratory. The lab slaves, whose day is so crammed for time that they must eat hurried box lunches, finally have a room to eat in that's out of smell of the salts and ethers of their profession. One of a number of projects financed by the proceeds from the laboratories' coke machine, the lunchroom has curtains, a radio, a hotplate, and space enough to hold 20 people. The Society claims...

Author: NO WRITER ATTRIBUTED | Title: Fume-Free Room | 2/20/1950 | See Source »

...repeated charge that the nation's capital is a town of dowdy women. In Gar-nnckel's show windows are strapless pink tulles by Dior, tobacco-colored satins by Path and organdies by Adrian. Last week Garfinckel's added another famed trademark to its collection: a crest with a lion rampant and a Pegasus, and the motto "Our words and deeds agree." It bought control of Manhattan's 65-year-old A. De Pinna Co., which is as much a tradition to many New Yorkers as Brooks Brothers. Garfinckel's bought Brooks Brothers four years...

Author: /time Magazine | Title: Brooks's New Brother | 2/6/1950 | See Source »

...capsule, that was the story of the whole U.S. economy in 1949. As the year began, the nation too "just had a sort of fear." The greatest boom in history was over the crest, and U.S. business had begun the perilous, booby-trapped road back to what it hoped would be "normalcy." The journey was not unlike Christian's trek in Pilgrim's Progress. The wayfaring nation started in the Slough of Dispond, went through Vanity Fair, passed the lion-guarded House Beautiful, profited from the counselings of Prudence, stumbled on the Hill called Difficulty, defeated Apollyon...

Author: /time Magazine | Title: Business: Pilgrim's Progress | 1/9/1950 | See Source »

...holiday season came to subequatorial South America on the crest of a blistering heat wave. In Santiago, Chileans sipping their traditional cola de mono (monkey's tail-milk, cinnamon, and coffee laced with aguardiente), fanned themselves as the thermometer climbed to 93°. At Viña del Mar and Uruguay's Punta del Este, beaches were jammed. So was the graceful white curve of Rio's Copacabana, where young cariocas, lampooning a recently revived city ordinance against walking to the beach in bathing suits, donned dinner coats or silver-fox jackets over their beachwear...

Author: /time Magazine | Title: Christmas in July | 1/2/1950 | See Source »

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