Word: graded
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Dates: during 1930-1939
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...were given identical food, shelter and treatment, but no bleeding. After seven weeks the bled pigs had gained an average of 3 lb. more than the others, 30 of them were fat enough to be classed as lard pigs. Only one of the unbled animals made the lard-pig grade. The blood drawn off was saved and used for food and fertilizer...
Never before have bond prices been so high, bond yields so low. The previous high was around 1900, when high-grade issues sold to yield something less than 4%. At that time the best opinion was that low interest rates would continue for the first two decades of the 20th Century. The experts were dead wrong. Interest rates rose and bond prices fell almost without interruption until the post-War depression. Through most of the 1920's bonds climbed steadily, then started to fall again when money tightened during the last purple days of the stockmarket boom. The present...
...bond market. At a meeting of the New York chapter of the American Statistical Association last fortnight no less than three went on record with loud warnings. Said Columbia University's Leland Rex Robinson: "Now hardly seems the time to pay high premiums for bonds. . . . The higher the grade of bond the greater the speculation in buying it now. It is difficult to see how the artificially low interest rates and bond yields . . . can much longer continue...
...remain dissatisfied with the answer they receive." FIFTY-FIVE MEN-Fred Rodell-Tele-graph Press ($2.50). A sharply realistic account, based on James Madison's notes, of the framing of the U. S. Constitution, demonstrating that the framers had hard-headed motives never portrayed in grade-school history texts; and that the Federalist papers were slick propaganda. THE METROPOLITAN OPERA, 1883-1935 -Irving Kolodin-Oxford ($3.75). A thorough, painstaking history of a great institution, with pungent sidelights on the Diamond Horseshoe, the various administrators and the outstanding singers. The author is a music critic for the New York...
Most of the seven million New York Citizens are wholly indifferent to the fact that their home is the world's greatest seaport. It therefore took two grade-A waterfront riots last week, which resulted in injuries for a dozen and arrests for 221, to call New Yorkers' attention to the fact that a bitter seamen's strike has been roiling New York Harbor for two months...