Word: manhattans
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Dates: during 1940-1949
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...Manhattan, Macy's put on sale the latest samples of Ben & Joe's scientific endeavor, a combination felt hat and ballpoint pen. There was a beanie for girls (the Pen 'n Dink, 69?), a Robin Hood hat for boys (the Alpen, 59?) and even a beret-style (with better felt) for adults ($1.69). All were rakishly decorated with a long feather tipped with a ballpoint pen. Benay-Albee has stepped up production to 180,000 feather hats a week...
...first hit the novelty big time last year with their Atomic Whirler hats -beanies with two or three pinwheels fastened on top. They sold about 3,000,000 whirlers and grossed about $700,000. Onetime employees of a Manhattan hatmaker, Ben & Joe set up shop for themselves twelve years ago. After losing money making standard boys' hats, they converted to novelties and in rapid order produced such nifties as Charmies (beanies dangling 24 small plastic animals), Easy Money Beanies (with five shiny new pennies attached), and hats with faces on the crowns. All were "pretested...
Where is the stock market going? All ready to analyze the tea leaves and gaze into the crystal ball, 500 members of the National Federation of Financial Analysts Societies gathered in Manhattan last week to see what they could see. The analysts, who advise brokers on what to tell their customers, found the market's future full of ifs, ands & buts...
...Manhattan's John H. Lewis of John H. Lewis & Co., who has been a bear for almost three years, had not changed his mind. But he hedged also. Said he: inflation and moderate deficit spending might "become a controlling and powerful bullish stimulant...
Glenn G. Munn of Manhattan's Paine, Webber, Jackson & Curtis seemed bullish. Said he: "Time is running out on this stock market [down] cycle." On the other hand, he was also bearish: "Business may be in a slow-motion rollover into an oldfashioned, spiraling, chain-reaction decline." However, investors should also remember that "we are in ... the Treasury-Keynesian-Keyserling cycle. That means Government intervention-cheating the silly down-cycle from its accustomed brutal innings...