Word: lows
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Dates: during 1950-1959
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Over Düsseldorf last week, a dark, beetle-browed young man leaned from the window of a low-flying Cessna and shoveled out handbills by the thousand. "Everything moves. Nothing stands still," they proclaimed. "Stop building cathedrals and pyramids which crumble like lumps of sugar! Stop resisting changeability! Be free! Live!" In the streets below, one man picked up a copy, read it, then shook his fist at the plane. Artist Jean Tinguely, 33, was delighted. "Some will say, 'very good.' Others will object. The overall result will be just what I wanted: total confusion...
...that the price of copper was bobbing like a puppet. Custom smelters, who had been selling copper at 32? a lb., got out of the market for a week, came back at 34?-a lb. Major producers were selling copper at 31? a lb., v. last year's low...
Waste of Breath. Ever since then, the phrase has been a stick to whack business, whatever the provocation. In the Truman Administration many theorists in Washington charged that the steel companies were administering steel prices too low just to keep out competition that would come in if prices rose to a point attractive to new investment. Now the argument has shifted 180°. The steel companies and others are accused of administering steel prices too high, not reducing them to encourage greater sales and employment...
...Young. Why the trading avalanche? The bull market has attracted many novice investors who aim for the moon but set a $10 limit on the trip. They shun stocks that sell for more, which means virtually all those on the New York Stock Exchange. They figure, often wrongly, that low-priced stocks are not only the cheapest but will rise the fastest. Thus, they shop around the American Exchange, home of many a budget-priced, volatile issue. (Almost all the exchange's most active stocks last week sold below $4.) Many of the stocks are low because young companies...
...industry, long in a slump, is now on the way back. From a total of $400 million in the '20s, hat sales dropped to a low of $250 million in 1953. Part of the trouble was a shift in fashion; the longtime dictum that every woman had to wear a hat to be well dressed almost died in the flight to the suburbs and the new, casual living. But fault also lay with the hatmakers; hats became too silly even for women to wear. Says Designer Victor: "We forgot one thing-to make the hats pretty. All you have...