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...market first collapsed in 1929. Overall, the composite average of 65 stocks showed a drop of 10.76 points to 162.75. Half the entire 1955 gain had been wiped out. The depreciation on 1,500 stocks listed on the Big Board amounted to a staggering $14 billion and the sharpest break since October 1929, when losses hit $16 billion...

Author: /time Magazine | Title: WALL STREET: Black Monday | 10/10/1955 | See Source »

...more and more television antennas sprout like crazy weeds across U.S. rooftops, the movie exhibitors, Hollywood's sharpest critics, become increasingly watchful of Hollywood's product. Sample movie reviews from the trade magazine Boxoffice...

Author: /time Magazine | Title: Cinema: The Critics | 8/1/1955 | See Source »

...President has worked harder than Dwight Eisenhower to maintain friendly and constitutionally proper relationships with Congress. But last week, in the sharpest words he has yet addressed toward Capitol Hill, the President showed that his cooperative attitude does not extend to letting the legislative branch take over the functions of the executive...

Author: /time Magazine | Title: THE PRESIDENCY: Invasion Repulsed | 7/25/1955 | See Source »

...week's ups and downs were the latest evidence that the greatest bull market in U.S. history has primarily been a market for blue chips. Since last January, the Dow-Jones industrial index has climbed almost steadily, from 391.89 to 461.18 at week's end. And the sharpest rise has come since the Fulbright hearings ended. High-priced stocks have gained 8% in value, according to Standard & Poor's index, while its index of low-priced stocks has shown a loss of .3%. One big reason is that investment trusts and big institutional buyers have been purchasing...

Author: /time Magazine | Title: WALL STREET: The Blue-Chip Boom | 7/18/1955 | See Source »

...researchers have a hard time relating Dr. Pascua's figures directly to the cigarette habit. Item: the U.S., with many of the heaviest cigarette smokers, had the eighth highest attack rate but the second lowest rate of increase. (Possible reason: the U.S. may have passed its period of sharpest increase before the 1948-52 period.) Says Copenhagen's Dr. Johannes Clemmesen, noting that Denmark's four-year increase in lung cancer among males was 49%: "The higher a country's cigarette consumption was 20 years ago, the higher is the lung cancer mortality now. These...

Author: /time Magazine | Title: Medicine: The Lung Cancer Epidemic | 7/11/1955 | See Source »

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