Word: wall
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Dates: during 1950-1959
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...Still's works, Albright Director Smith made a direct approach, found Still in his third-floor walk-up Manhattan studio. With 40 canvases on hand, Still placed only four against the wall. Topmost was the 9-ft.-5½-in. by 13-ft. Red and Black, in Still-like hot red. velvety black and stalactites of white. Director Smith bought it on the spot (estimated price: $5,000 to $7,000). Still says he picked it for the Albright because "it speaks with vigor." As to what it speaks, whether of the West's towering spaces and lost...
...stock market had closed, and the streets of Manhattan's financial district were rain-soaked and half-deserted when word came of the Federal Reserve's decision to reduce its discount rate. Wall Street was caught completely by surprise, but it acted fast. West Coast markets were still open, and they were swamped with orders to buy. Stocks rose sharply on the Pacific Coast Stock Exchange, giving the San Francisco branch its busiest hour in 25 years...
Clean Sweep. The market rally in stocks was nothing to what happened to bonds. With ever-increasing interest rates, the market has been slow, since buyers have held off and waited for even better buys. But with the discount rate cut, orders poured in to Wall Street from all over the U.S.. particularly from institutional investors, and the bond market had its biggest rally since World War II. Many bond dealers were completely cleaned out. Most notable was a slow-selling $250 million offering of American Telephone & Telegraph Co. When the Fed's news broke, less than half...
Where Is Bottom? Whether or not the Fed's action meant that the stock market had also hit bottom when it closed off at 419.79 on Oct. 22 was any expert's guess. Wall Street was still filled with bears who considered the stock rally only temporary, to be followed by a further decline to 400 or 380 on the Dow-Jones average. They talked of "technical factors," deterioration in investor confidence, and a downturn in business, disregarded plans for bigger defense spending and the chances of an unbalanced budget next year (see NATIONAL AFFAIRS). Just...
Eliot never penetrated beyond Jonathan Edwards' 20-yard line, as the Yale team made a second period touchdown stand up all the way for a 7-0 triumph. The Elephants stayed on the ground for virtually the entire game, but met a stiff Edwards forward wall...