Word: annalistes
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...ahead of December 1934; 3) steel mills as a whole were operating at 47½% of capacity as against 41% the year before; 4) the Federal Reserve index of industrial production (November) stood at 97% of the 1923-25 average: twelve months before the figure was 75%; 5) the Annalist index of wholesale commodity prices was 129.4, up 8% for the year; 6) the Labor Department's cost of living index stood at 80.8 (Oct. 15), an eleven months' gain...
...have now passed the crest of the third minor recovery since the low point of the Depression," said the Annalist last week. "According to certain private advices from Washington, the outlook now is for a continuation of the present moderate recession in business activity until late summer, when the effects of new Government expenditures are expected to inject another dose of stimulant into industrial activity...
Despite the prospect of a decline in industrial production over the next few months-a prediction in which most observers concurred with the Annalist-business sentiment last week was positively joyful in comparison with the heavy gloom of late winter (TIME, March 25). Fact is, businessmen for once are willing to admit that trade can be good without getting better. Even G. O. Pundit Mark Sullivan, noting the impressive volume of corporate refundings, declared last week: "The result is that the aorta between capital and industry has begun to function. Because the reservoirs of capital are teeming, this flow, with...
Traveling down the long black road on the Annalist's commodity price index, the statistical wayfarer comes to a fork in April 1933. The left fork leads sharply up the rise which followed abandonment of gold. The right fork, which looks like a half-forgotten detour on the price map, is an index in terms of old gold dollars. This index shows that as a group hogs, corn, cotton, sugar, many another commodity, actually continued to decline until almost the end of last year, hardly moved off bottom until this spring. But by last week the Annalist index...
Died. Benjamin Baker, 61, oldtime newshawk, economist, editor of The Annalist (financial weekly) since 1925; of a heart attack; in Hartsdale. N. Y. His predictions of the 1929 crash fell on deaf ears...