Word: roses
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Dates: during 1930-1939
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Manhattanites were interested but not immediately ecstatic. Though the exhibition was boldly billed "Art of Tomorrow" to outbid the Museum of Modern Art's "Art in Our Time," a few critics meanly suggested that it was actually art of the past. Curator Hilla Rebay, her blue eyes ablaze, rose to this with two good observations and one transcendental line...
...which Baldwin got $614,500), nearly 7% on Midvale assets. Midvale's 1939 present to Baldwin is sure to be much handsomer; in the first five months of 1939, its backlog boomed more than 140% over last year while the combined backlog of all other Baldwin divisions rose only half as fast. The Navy allows Midvale up to 10% profit on contracts after figuring a generous 10-20% depreciation. This assures not only good profit but is enabling Midvale to keep its capacities modern, efficient...
...first. Fortnight ago Jules W. Arndt Stein (Nicky Arnstein), the husband who filled Fannie Brice's heart when she first sang the torch song My Man in 1920, sued for an injunction (and $250,000 damages) against the Twentieth Century-Fox cinema Rose of Washington Square, a take-off on Nicky's & Fannie's lives (TIME, June 5). This week, beating out the injunction by a nose, the studio attorneys got together with Nicky, settled his claim out of court for a reported...
...shares. Shorts had gauged all too well that business was receding. Overenthusiastic pessimists who had had trouble finding buyers, suddenly found too many buyers. When professional buying began, the shorts ran to cover, joined the buying parade. Result: in two days the Dow Jones Industrial average rose 3.76 points, and stockbrokers enjoyed two successive million-share days-enough to add up to a boom by 1939 standards...
...also on a lesser scale, speculatively minded manufacturers, who had gone short of raw materials, again turned to buy in a rising market. The difference this year is that the commodity price upturn is accompanied by falling instead of rising production, is more speculative, than industrial; cotton textile prices rose as inventories peaked again at over 200,000,000 yards, and manufacturers discussed ways of carrying unwanted cloth; hide prices zoomed as leather production fell from...