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...than downright joyful, it was also jittery. Overnight, the stock-market greeted the return of business freedom with an opening rally, then dropped sharply, declined for the rest of the week. Uncertainty over the future of NRA and other New Deal legislation precipitated a general break in commodities. Wheat sank 5? per bu. to the lowest price this season, 81¼?. Cotton dropped under 11? per lb. Sugar lost most of its recent gains in the wildest trading in a decade, and Cuban sugar securities nose-dived on the fear that the island's reciprocal trade pact might...

Author: /time Magazine | Title: Business & Finance: NRAftermath | 6/10/1935 | See Source »

...diabetic body, a derelict named Driscoll lay on the floor of a boxcar in Seattle's railroad yards. For days he had hunted work. Weary, he had turned to bread lines, soup kitchens, listened to soap-box orators on corners of the Skidroad.* Deep into his dulled consciousness sank the speakers' catchphrases, their shouts of plenty for everyone, taunts at Big Business, cries that Capitalists were to blame for Derelict Driscoll's wrinkled belly...

Author: /time Magazine | Title: WASHINGTON: Skidroad Avenger | 5/27/1935 | See Source »

Measured by the Dow-Jones industrial stock averages, the low point of the Depression was July 8, 1932. On that day the famed stockmarket index sank below 42, lowest level since 1897. After a deal of marching and countermarching in the last days of Herbert Hoover, the stock-market burst upward in the wild inflationary bull market of 1933, and, just before the boom in whiskey shares collapsed that summer, the averages...

Author: /time Magazine | Title: Business: Point Pierced | 5/20/1935 | See Source »

...endowed and refurnished. Between Cousin Bernard and Cousin Richard bad feeling has long existed. After Richard Gimbel had put the Philadelphia store into the black, his salary was cut and he was removed from control-an episode he never allows Cousin Bernard to forget since the store promptly sank into the red again and Cousin Richard had to be recalled. Few weeks ago the Board of Directors threatened to drop Richard from office again. The violent personal quarrel, which was destined to become the first public break in the Gimbel clan, concerned one Arthur C. Kaufmann, whom President Bernard...

Author: /time Magazine | Title: Business: Gimbel v. Gimbel | 5/20/1935 | See Source »

Monarchy's sun may be setting, but monarchists are still loyal to their lost causes in many a stoutly republican country. The Stuarts sank long ago below the English horizon, but the Jacobitish after glow lingered. That all Jacobites are not yet dead was shown this week when Novelist Compton Mackenzie published Prince Charlie and His Ladies. Author Mackenzie writes Jacobitingly, speaks with contumely of "Whig" reviewers who deplore his loyalist zeal. U. S. readers may not share Author Mackenzie's emotions nor his unflagging interest in the controversial minutiae of the Jacobite legends, but they will...

Author: /time Magazine | Title: Books: The Bonny Prince | 5/13/1935 | See Source »

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