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Bearing Down. From April 15 to May 15, the short interest on the New York Stock Exchange jumped about 30% to a total of 1,314,391 shares. It is now the highest since December 1945 and the rise was the sharpest since 1934. Despite this bearish view of the future, the New York Stock Exchange rallied from the year's low. At week's end the Dow-Jones industrial averages were up over three points...

Author: /time Magazine | Title: FACTS & FIGURES: Contraction in Crude | 6/2/1947 | See Source »

...Brains." Fred's durability as a comedian has not depended solely on the obvious externals of slapstick. His voice, to be sure, sounds as if it might be filing his teeth down as it issues from his spigot mouth. And his face ("the sharpest knife," says Ludwig Bemelmans, "I have ever seen") is rather like a very large red pear that the ants have been at. Fred Allen has other gifts as well. John Steinbeck considers him "unquestionably the best humorist of our time ... a brilliant critic of manners and morals." Jack Benny, his private friend and public enemy...

Author: /time Magazine | Title: Radio: The World's Worst Juggler | 4/7/1947 | See Source »

Nowadays, when the head stripper of the show reaches the climax of her performance, the management turns a protecting dark blue light on the proceedings, wrapping the star in an indigo robe thick enough to confuse even the sharpest eyes; and one can never tell whether he is seeing the real thing or not. The humor is uninhibited only to the extent that it would be exceedingly embarrassing to take a girl to hear it, even for laughs. At intervals a motley band of women of all sizes and shapes troops back and forth across the stage, each with...

Author: NO WRITER ATTRIBUTED | Title: From the Pit | 3/29/1947 | See Source »

...Declaration of War." The sharpest, most revealing reaction came from bowed and bitter Italy, a critical testing ground for democracy's powers of resistance-and offense. From Rome, TIME Correspondent Emmet Hughes reported: "There was no doubt this time that the U.S. means business. Wrote Rome's conservative Risorgimento Liberate: 'We are confronted with a declaration of war, limited to the ideological plane but nonetheless categorical.' Christian Democratic Party leaders reason that if the U.S. is backing George of Greece despite the character of his regime, it will go much further in support of the Christian...

Author: /time Magazine | Title: THE NATIONS: New World | 3/24/1947 | See Source »

...after this gloomy talk, the stockmarket had its sharpest one-day drop in six months. The Dow-Jones industrial averages fell 4.83 points to 177.05 and continued to slide down 1.21 points the following day. Wall Streeters, who have lately been blaming the "international situation" for the jittery market, promptly put some of the blame on BAE. But commodity prices, which have risen so sharply recently that many besides BAE think they are in for a bad fall, kept right on rising. March wheat futures hit a new 27-year high of 2.64¼ a bushel. How high would they...

Author: /time Magazine | Title: THE ECONOMY: End of the Year? | 3/17/1947 | See Source »

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