Word: highly
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Dates: during 1940-1949
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...importers of British raw materials and goods cheered the devaluation of the British pound to $2.80 (see INTERNATIONAL). Prices of British goods in the U.S. had been far too high; now they began to tumble. Fergus Motors, a Manhattan importer of British cars, slashed the price of the Austin automobile from $1,595 to $1,275, trimmed all other makes 20%. Rolls-Royce dealers trimmed that $20,000 job to $15,000. Dunhill's also jumped aboard, cut British pipes and cigarette cases 20%. The prices of British wool, rubber, cocoa and other commodities from sterling areas slumped...
...biggest exhibit, Britain had the Bristol Brabazon, whose eight reciprocating engines (later to be replaced by turbo-jets) will carry 100 passengers 5,500 miles at 250 m.p.h. cruising speed, in high-altitude (25,000 ft.) comfort with staterooms, bar, and movies in the lounge. For medium-range flights, Britain had the Vickers 4O-passenger Viscount and Armstrong Whitworth's 31-passenger Apollo, both turboprops. For feeder-lines, it had both De Havilland's reciprocating engined Dove (eight to eleven passengers) and Handley Page's 22-passenger turboprop, the Mamba Marathon.* But the star of the show...
Nevertheless, the threat was enough to cause U.S. planemakers to sound an alarm. They had no commercial jet planes under construction, or even on order, although their drawing boards were full of sketches. U.S. airlines could not afford the immense cost of a new transport estimated as high as $50 million. Both planemakers and airlines looked to Washington for help, but Washington had not made up its mind what to do. Last year, when the planemakers first woke up to Britain's challenge, they had tried to get Congress to pass a "prototype" bill under which the Federal Government...
...last week the lowly onion was back with a rush; it was the hottest commodity* on the exchange and had pushed aside such heavily traded commodities as butter & eggs. Hour after hour, shirtsleeved brokers bid high & fast fof November futures, sending the price of a 50-lb. sack up as much as 50? in a day (the maximum permitted). More onions would be traded this month, experts estimated, than in all of 1948, when a record 21,214 carlots changed hands...
What started the onion boom was a Government forecast of a short crop-27.2 million sacks v. 31.6 million last year-and a trader's hunch that the Govrnment forecast was too high. As he started to buy, traders who were caught napping two years ago when a short crop swept the price up from $3.80 to $6.50 jumped...