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Lancaster, a gnomish dandy who looks at the world across one of the most magnificent pair of mustachios still in private hands, sees the history of Drayneflete as a steady upward climb until it reaches the 18th Century. From then on, esthetic disaster follows esthetic disaster until the stage is set for the final horror: the Drayneflete of Tomorrow...
Spurred by reports of shortages, the price of coffee shot upward last fall. In three months' trading on the New York Coffee & Sugar Exchange, March futures in "Santos S" coffee rose 69% to a record of 50.1? a pound. The retail price of coffee hovered around 80?. For the rise, the Pan-American Coffee Bureau, which represents Latin American growers, had a crisp explanation: "The sudden rise in coffee prices may be explained in just two words-'bad weather...
...dozens of other minor frights. By June 1949, when the Dow-Jones industrial average had skidded from 193.16 to 161.60, some market experts officially hung a crepe on the bull. But others insisted that stocks were dirt cheap. Enough investors took their advice to start the market moving upward, even though industrial production was still going down...
...Wonders. But overall, the biggest power under the market is still the stability and steady growth of the U.S. economy. From last summer's low point of 161, the Federal Reserve index of industrial production has moved upward to an estimated 192 for May, only a few points below the postwar peak. And business is still getting better. Last week U.S. steel mills produced at the rate of 99 million tons a year, the highest in history, and orders were piled up for months ahead. The automakers, who had been cracking records week after week, cracked another: they turned...
Leverett's softball team best Winthrop, 9 to 8, yesterday, and the win pushed Lowell's point total upward, though the Deacons clinched the Trophy yesterday. The Bellboys also took a for foisted golf match from Winthrop to make their final score 1337 1/2 points. Kirkland...