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...mighty IBM had fallen from its October high of 607 to 398∧ "X" marked the spot on the ticker tape where U.S. Steel was down from last year's high of 9¼ to 52¼. As wave after selling wave buffeted blue chips and glamour stocks indiscriminately, the Dow-Jones index of 30 key stocks tumbled almost 39 points last week to 611.88, the lowest level since Jan. 4, 1961. Following suit, stocks on the American Exchange and over-the-counter markets plummeted to similar lows...

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

...tune may be the perfect expression of Holly Golightly's sweet ambiance or a deft summation of a caviar girl recalling the days of grits and gravy. Then again, it may be simply lazy schmalz, dressed to the airy glamour of Breakfast at Tiffany's. Whatever the secret of its appeal, Moon River is the most successful melody to come from a film score since the classic Picnic theme six years ago. And its composer, Henry Mancini, has become Hollywood's hottest musicman. Says the modest Mancini: "I don't know how it happened, but there...

Author: /time Magazine | Title: Movies: Never Too Much Music | 5/25/1962 | See Source »

...Voyage (Walt Disney; Buena Vista) is one of those travel pictures made "with the generous cooperation of" assorted hotels, railroads and steamship lines that seem to gain in glamour upon being transferred to film. This time Fred MacMurray and Jane Wyman, an ever-lovin' couple from Terre Haute, Ind., are off to France with their three typical kids: a sweet plump daughter (Deborah Walley) with steely morals, an engagingly nutty teen-age son (Tommy Kirk), and another boy (Kevin Corcoran), 12, whose freckled wit comes forth in lines like ''I know who Napoleon...

Author: /time Magazine | Title: Cinema: Escargots | 5/25/1962 | See Source »

Leading the pack in both directions was International Business Machines, the glamour blue chip that some Wall Streeters claim is "not a stock but a religion." IBM opened the week with a spectacular 31½ drop to $454, and the following day-apparently because of an extraordinary number of stop-loss orders-fell another 24 points with such rapidity that trading in the stock was suspended three times. But before the market closed, bargain hunters moved in and drove IBM shares back up 32 points to $462. By the end of the week, successive rallies had boosted the price...

Author: /time Magazine | Title: Wall Street: The Wild One | 5/11/1962 | See Source »

Vavoulis has little political glamour, little flair, little gift of gab. But he has two qualities that St. Paul voters obviously like a lot: he conveys an impression of deep sincerity, and he works very hard at his job. "I saw the man turn up at meetings I never dreamed the mayor even knew about," says a St. Paul newsman. "He may have been a bit tiresome, but he was tireless...

Author: /time Magazine | Title: Nation: Letting George Do It | 5/4/1962 | See Source »

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