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...usual, Wall Street, which has overlooked the decline in business, also ignored the pickup. The stock market suffered its sharpest break in four years. Many of the blue chips that had led the long advance tumbled, e.g., Du Pont dropped 4⅛ points. The Dow-Jones industrial average was chopped down 6.59 points to 321, slipped further the next day. By week's end, however, the market had stabilized. Most traders viewed the break, not as an omen of disaster, but as a much-needed "technical" reaction to the market's almost uninterrupted advance of 25% since last...
MARY ANNE (351 pp.)-Daphne du Maurier-Doubleday...
...Daphne du Maurier, 46, is one of the slickest pros now producing bestseller belles-lettres. She dips her pen into the inkpot of romance, melodrama or suspense and aims it like a dagger at the heart of the defenseless reader, who is usually quite willing to hold still...
...standout illustration of all three points is Morris Graves's monochromatic Young Gander Ready for Flight. Seattle's Graves goes his own experimental way (TIME, March 15, 1948), but he is obviously more indebted to Oriental art than to the European. San Francisco's Ralph Du Casse, who also draws inspiration from the Far East, contributed one of the strongest pictures in the show: an edgy abstraction that appears to superimpose Chinese calligraphy on shattered glass. Brooklyn's Adolph Gottlieb batted out one of the best abstractions of his career for the home team. Whether...
...First four: Du Pont, Union Carbide & Carbon, Dow Chemical, Allied Chemical...