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...rationalizing explains why the market has been steadily declining for five months, or why it has dropped so precipitously in the past two weeks. Plainly, there has been a significant shift in the basic attitude of U.S. investors. Edmund Tabell, vice president of Manhattan's Walston & Co., whose crystal ball is one of the clearest on Wall Street, was confident that he knew what had brought about the change. Said he: "The market is selling off because we have been paying too much for stocks as a hedge against inflation." Market analysts, economists and businessmen of all political persuasions...

Author: /time Magazine | Title: Wall Street: One Hectic Week | 6/1/1962 | See Source »

...impromptu parades up and down the square. Bustles & Bowes has draught beer and sawdusty floors; the Roaring Twenties is an unabashed speakeasy with a high-stepping stage show, mock raids and gangland fights; the Natchez Queen is done up like a Mississippi riverboat and purveys ragtime music. The Crystal Palace, a cabaret theater, presents big-name entertainment and imported repertory players in nightly revues. Last year it grossed nearly...

Author: /time Magazine | Title: The City: No Squares on the Square | 5/18/1962 | See Source »

...called the Gaslight. The neighborhood then was a collection of seedy secondhand stores and a community of couldn't-care-less flat dwellers. Following the Mutrux brothers was self-styled "Environmental Engineer" Jimmy Massucci, who opened up another saloon, the Golden Eagle, near by; then Jay Landesman, whose Crystal Palace theater was operating farther downtown, decided to move his establishment into the neighborhood...

Author: /time Magazine | Title: The City: No Squares on the Square | 5/18/1962 | See Source »

Beneath the crystal chandeliers at the St. Regis Roof, an ornate auditorium that tops Manhattan's St. Regis Hotel like a tiara, sat a glistening segment of New York's feminine society. The girls had gathered for the usual ritual: a fashion show (this one a benefit in memory of Mrs. Angier Biddle Duke, who died in a plane crash last year). As usual, the crowd vied in splendor with the mannequins displaying the new summer modes. Mmes. William Woodward, George F. Baker, Frederick Gushing and John R. Fell turned out with their fanciest friends, some sporting...

Author: /time Magazine | Title: The Press: Musical Chairs | 5/11/1962 | See Source »

Married. Sarah Churchill, 47, occasional actress and Sir Winston's frolicsome second daughter; and Thomas Percy Henry Touchet Tuchet-Jesson, Lord Audley, 48, elegant onetime manufacturer of crystal tableware; she for the third time, he for the second; in Gibraltar's Rock Hotel...

Author: /time Magazine | Title: Milestones: May 4, 1962 | 5/4/1962 | See Source »

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