Word: woolworths
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...welcome as the holiday rally was, many investors might question whether the volatile Dow average really reflects the overall trend of U.S. stock prices. The Dow, which is composed of 30 blue-chip stocks (from Allied Chemical to Woolworth), has made the stock market look sicker than it really has been during its seven-month slide. From its 1969 peak in mid-May, the D-J average has fallen 17%; the decline has been only 13%, or 24% less for the broadly based New York Stock Exchange composite average of all 1,287 listed companies and Standard & Poor...
...have come to believe that any desire that has not been created can not be satisfied. That is what they would like us to believe. The market place has become like a Woolworth's in a small town. What you can't get there...
Died. Count Court Haugwitz Reventlow, 73, former Danish nobleman, second of Woolworth Heiress Barbara Hutton's seven husbands and father of her only son, remembered for the violent custody battle for years after their marriage broke up in 1938; of heart disease; in Manhattan...
...astrology boom is made up of many elements?including merchandising, show business and crass exploitation of people's credulity. Department stores across the U.S. are mounting astrological promotions. Woolworth's is pushing a full line of zodiacal highball and cocktail glasses and paper napkins. Bulls, goats, crabs and scorpions are beginning to embellish everything from children's clothes to writing paper; St. Crispin in Manhattan is offering its Park Avenue clientele "astronotes" for invitations. One Manhattan beauty parlor boasts a resident astrologer and twelve special hairdos, one for each sign of the zodiac. A perfume manufacturer is doing well with...
Died. Alfred Lester Cornwell, 84, former president (1946-54) and chairman (1951-56) of the F.W. Woolworth Co., who supervised the greatest growth in the firm's history; in Brookfield, Conn. "I have seen the company go from the age of the Stanley Steamer to the jet," said Cornwell on his retirement, and so he had, starting out as a stock boy in 1905 and climbing all the rungs to the top. He started the move into suburbia and expanded into South America, thereby boosting annual sales from $477 million to $700 million by the time he was ready...