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Although it was much bigger than a fleabite, Grace had a point. Since 1939, steel prices, including last week's jump, have increased about 37% as compared to a rise of more than 92% in the Bureau of Labor Statistics index of all wholesale commodity prices...

Author: /time Magazine | Title: STEEL: The Big Occasion | 8/11/1947 | See Source »

...London stockmarket tumbled sharply under the impact of the Empire crisis (see FOREIGN NEWS). A selling wave sent common stocks crashing down eleven points to 119 on the Financial Times index, their worst fall since Dunkirk. Even consols (British Government bonds), which are generally regarded by Britons to be as solid as the Rock of Gibraltar, sagged to a two-year low, then rallied slightly. The scare caused a shiver in Wall Street, where the ten-week long upswing in stock prices suddenly halted. The Dow-Jones industrial index dropped 3.85 points from the July high of 187.66. This week...

Author: /time Magazine | Title: SECURITIES: Bad Scare | 8/11/1947 | See Source »

...first poll, in the August issue of FORTUNE, was on the question: Will there be a recession? About two-thirds of management thought that by the end of 1947 there would be a mild general decline-between 5 and 15% in the Federal Reserve Index of Industrial Production. Yet, paradoxically, a majority of executives in manufacturing, transportation, utilities and construction expected their own gross sales to be at least as high as in the booming first half of the year. A majority also expected a 5-to-15% drop in the cost of living, but only a minority expected...

Author: /time Magazine | Title: MANAGEMENT: 28,200 Opinions | 8/4/1947 | See Source »

CRIMSON readers may be interested to know a little about Mr. Steele's own background. I find half a dozen references to Steele in the index of John Roy Carlson's "Under Cover." Tracking them down, one finds the patriotic Mr. Steele being buddy-buddy with such fine un-Americans as Joseph S. Kamp, editor of a fascist sheet hailed by the Nazis, the seditionists James True and Liz Dilling, and John B. Snow, the "gentleman fascist...

Author: NO WRITER ATTRIBUTED | Title: THE MAIL | 7/25/1947 | See Source »

...quiet or sagging during May and June, boiled up with an ominous hiss. Wheat futures rose the permissible limit of 10? a day. July corn jumped to an alltime high of $2.21 a bushel. Within two days, sharp rises in eleven major commodities forced the Dow-Jones commodity futures index up 4.07 points to 146.37. It was the highest since the index was first compiled in 1933 and 9.82 points above the previous high this spring...

Author: /time Magazine | Title: COMMODITIES: Crop of Trouble? | 7/21/1947 | See Source »

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