Word: street
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Dates: during 1940-1949
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...smiling and cocky. Federal Judge Harold R. Medina had denied the Commies bail, but the court of appeals had released them (their bail: $260,000). In the glare of flaming red torches, Ben Davis crowed to a crowd on Harlem's Lenox Avenue near 111th Street. "I am out on bail because you brought me out of jail," he boomed. "I am back just in time to get re-elected . . . and no S.O.B. Medina is going to stop me." Newly freed Comrades Robert Thompson and Henry Winston, who came along for the ride, tossed a little more verbal kerosene...
...expected him to hold meetings for only four weeks. But this week he had already overstayed his original engagement by two weeks, and was drawing bigger crowds every night. Some 250,000 had crowded to hear him (the tent holds 6,280 but the standees fan out into the street), and nearly every prominent minister in Los Angeles had put in an appearance on Billy Graham's crowded platform...
...financial centers of the world last week, the gold fever spread like the blood-tingling news of a rich new strike. Day after day on the New York Stock Exchange, the cheap stock of a Philippine gold-mining company, Benguet Consolidated Mining Co., was among the heaviest traded. Wall Street's Bache & Co. was busily selling unrefined gold (the only kind that can be legally held in the U.S.) at premium prices ($44 an ounce). In London, South African gold-mining stocks were ones eagerly bought in a falling market...
When the five Securities & Exchange Commissioners picked a chairman last week, they surprised and cheered Wall Street. Their choice: Harry A. McDonald, 55, the first Republican boss of SEC since it was set up in 1934. SEC's three Democratic commissioners voted for McDonald to succeed Edmond Hanrahan, who resigned as SEC chairman last month (TIME, Oct. 24). Although the White House was mum, President Truman apparently approved also...
Died. William D. Mahon, 88, veteran labor leader and oldtime crony of the late Samuel Gompers in organizing the A.F.L., for 53 years (until he retired in 1946) president of what is now the Amalgamated Association of Street, Electric Railway and Motor Coach Employees of America; in Detroit...