Word: skies
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Dates: during 1950-1959
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Like air show spectators wondering apprehensively when a plummeting sky diver will trigger his parachute, Wall Street's experts were still waiting for the stock market to level out. But last week was not the week. After starting off with a strong rally, the greatest bull market of all time weakened and fell in the last three days to end the week at 433.83 on the Dow-Jones industrial average, the lowest point in 2½ years. All told, 263 stocks, among them such blue chips as Du Pont, General Motors and Alcoa, reached new lows for the year...
...radiotelescope at Jodrell Bank turned itself into an impromptu radar and pinpointed the satellite or its carrier rocket over Britain. As the slowly shifting orbit carried Sputnik over the east coast of the U.S., hundreds of early risers in New England saw the sunlit speck sweep across the predawn sky. Some saw two moving objects, the brighter of which was probably the carrier. Shot on film at Baltimore by WJZ-TV using a camera with a secret Bendix light amplifier, the spectacle was broadcast to the U.S. over Westinghouse TV stations...
...rebel camp somewhere in the hilly wilds of Algeria, CBS Correspondent Frank Kearns faced a camera and began: "Here on the spot it sounds rather ridiculous to hear Washington-" He was interrupted by a cry of warning. He squinted at the sky, his shoulders hunched instinctively and he dived for shelter, suddenly heedless of any TV audience as he muttered in disgust: "Here comes a damn plane!" The interruption made a vivid TV fragment this week in Algeria Aflame, an hour-long CBS report that brought home, with the immediacy of an air raid, the war between the French...
...biggest piston-engine plane, traffic volume will soon rise even faster. But most cities are still dragging their heels on airport-improvement plans. "Unless some of these people get busy and fast," says one United Air Lines captain, "I can see the day when the sky will be full of planes all looking for a place to land...
Ideal Toy Corp. thundered into round-the-clock production with a sleek new $4.98 "Satellite Launcher/' complete with rotating radar tracking station, which can fire four plastic disks 75 ft. into space. Another gadget: a $7.98 "Sky Sweeper Truck." which beams searchlight silhouettes of jet planes against a wall, shoots them down with two "Nike" rockets. In seven days Ideal shipped out 100,000 Satellite Launchers, another 50,000 Sky Sweeper trucks. "This may be a propaganda blow to the U.S.," cried an Ideal executive...