Word: indexable
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...boom in business had an obvious effect on prices. Item: despite prospects of a 99 million pig crop this year, third highest in U.S. history, retail pork prices last month edged up 9.8%. They helped push the cost of living index up .8%, its sharpest advance in 22 months...
...Haven's Hotel Taft was crowded with politicians, all wide awake. Leading Candidate John Davis Lodge, of the Boston Lodges,* paused amid the swirling delegates and nibbled on the nail of his index finger. "This," grinned Lodge, "is like trying to pin down a pup tent in a windstorm." A fife, drum and bugle corps blew for Lodge outside the hotel, and delegates found new lyrics to When Johny Comes Marching...
From New England, Bigelow-Sanford Carpet Co. Inc.'s William R. Murray reported: "Our industrial production index for March showed an increase of more than twice that of the nation . . . Demand for all goods is high, resulting in a good rate of production and employment...
...this optimism was confirmed last week by the still growing boom. In May, the Federal Reserve Board's index of industrial production soared to 193, within a whisper of 1948's postwar high of 195. Said FRB: production would probably set a new record in June...
Next day, Wall Street's bears began running for the tall timber. As they started covering their short sales, the market rose. Not only did the Dow-Jones industrial average hit a new high of 225.17, but the New York Times index of 50 stocks, which up to then had not broken through its 1946 high mark of 148.50 (TIME, June 5), shot up to 148.53. This new breakthrough started a new rush to buy. By week's end the Times index had risen to 150.35. This week the rising Dow-Jones industrials hit 228.38, the highest mark...