When This Dropped

June 29, 1950

President
Truman
Dow (EOY)
235
Gas/gal
$0.27
Min Wage
$0.75

The federal minimum wage stood at $0.75/hr that summer of 1950, and the Dow Jones sat at 235 — the Korean War had begun just weeks earlier, with North Korean forces pushing south and U.S. troops rushing to hold the line around Pusan. At the movies, audiences were turning out for "Father of the Bride" with Spencer Tracy, while on the radio Nat "King" Cole's "Mona Lisa" sat at the top of the charts. That June, French mountaineers Maurice Herzog and Louis Lachenal made history by reaching the summit of Annapurna, becoming the first climbers ever to stand atop a peak higher than 8,000 metres.

On the cover

Magazine Covers — June 29, 1950

New York Times
Time
Nat. Geographic

NY Times Headlines — Week of June 29, 1950

Most U.N. Delegates Favor Use Of Land Force In Korea; At United Nations Security Council Session

Communist China To Shake Up Party; Peiping Calls For Weeding Out Of 'Opportunists' And Increase In Enrollment Of Workers Communist China To Shake Up Party Two Points Stressed Previous Actions Cited

Shooting War; As Truman Draws Line Historic Change The Week'S Events The Battleground Defense Crumbles Forces At Hand America'S Decision Problems Of Asia Plan Of Operations Strategic Factors Pressure Of Events Role In The U.N. Russia'S Choices Possible Russian Courses Psychological Impact U.N.'S Future The Russian Question Legal Arguments

World Events — June 1950

Time Person of the Year — 1950

Winston Churchill
Person of the Year
Winston Churchill

On the radio

Billboard Charts — June 29, 1950

I Wanna Be Loved
Andrews Sisters with Gordon Jenkins and His Orchestra
Best Sellers #1
"I Wanna Be Loved"
Andrews Sisters with Gordon Jenkins and His Orchestra

On the bookshelf

The Cardinal
NYT Fiction #1
"The Cardinal"
Betty Crocker's Picture Cook Book
NYT Non-Fiction #1
"Betty Crocker's Picture Cook Book"
The Way West
A.B. Guthrie Jr.
Pulitzer Prize Fiction
"The Way West"
A.B. Guthrie Jr.
The Man with the Golden Arm
Nelson Algren
National Book Award Fiction
"The Man with the Golden Arm"
Nelson Algren
Ralph Waldo Emerson
Ralph L. Rusk
National Book Award Nonfiction
"Ralph Waldo Emerson"
Ralph L. Rusk

On the television

At the movies

Box Office & Oscar Winners — June 29, 1950

Father of the Bride
Box Office #1
Father of the Bride
All About Eve
Oscar Best Picture
All About Eve
Joseph L. Mankiewicz
All About Eve
Oscar Best Director
Joseph L. Mankiewicz
All About Eve
José Ferrer
Cyrano de Bergerac
Oscar Best Actor
José Ferrer
Cyrano de Bergerac
Judy Holliday
Born Yesterday
Oscar Best Actress
Judy Holliday
Born Yesterday

On the field

Sports Champions — June 29, 1950

NFL Champion
Cleveland Browns
World Series
New York Yankees
def. Philadelphia Phillies
NBA Champion
Minneapolis Lakers
def. Syracuse Nationals
Stanley Cup
Detroit Red Wings
def. New York Rangers

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