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Wall St. For World War ll's first eight months, the New York Stock Exchange refused to get excited. Speculative animal spirits in the first week of September carried the Dow-Jones industrials average up to only 157.77-below sodden 1938's high (158.41). From then till the first week of May, the market dispiritedly backed & filled between 155 and 145. By staying horizontal, the market earned great forecasting kudos. If U. S. businessmen had followed it, they would not have permitted production to jump out of line with expectations, and might have avoided 1940's corrective...

Author: /time Magazine | Title: STATE OF BUSINESS: Panic in the Markets | 5/27/1940 | See Source »

...Victoria for the New York American, by writing, on the spot, a poem called The Queen's Last Ride; 4) been presented as a famous American at the Court of St. James's. Says Jenny Ballou: "Considering the noise round her during her life, there was ... a sodden silence thrown over her immediately upon her death." She is not remembered...

Author: /time Magazine | Title: Books: Poetess of Passion | 2/5/1940 | See Source »

Three years ago last week, in slickers and galoshes, under umbrellas and sodden newspapers, thousands of U. S. citizens stood on the great plaza before the Capitol, saw skullcapped Charles Evans Hughes swear in bareheaded Franklin Delano Roosevelt to uphold and defend the Constitution...

Author: /time Magazine | Title: THE PRESIDENCY: Moral Climate | 1/29/1940 | See Source »

Last week rain fell continuously on the Western Front. In the 20-mile sector north of the Swiss border which faces the rocky fortress of Istein-Germany's "Gibraltar of the Rhine"-sodden French infantrymen came in from patrol to report that across the swelling river the German troops were busy in the flats. To stop this activity-whatever it was-French engineers had an answer that cost no lives, no ammunition. They closed the gates that drain Rhine water into the Rhine-Rhone Canal, let the river flood the flats...

Author: /time Magazine | Title: WESTERN THEATRE: Push? | 10/23/1939 | See Source »

...desolate northern region lie the world's most valuable deposits of nitrate and the second largest known deposits of copper; its pleasant, well-watered, fertile central area, where most of its people live, supplies more wheat, cattle and wine than Chile can use; and its rain-sodden southern provinces are rich in lumber, much of them still virgin territory and inhabited by half-savage Indians...

Author: /time Magazine | Title: CHILE: Worst Shake | 2/6/1939 | See Source »

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