Word: indexable
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...night of Aug. 31, Hitler jumped Poland and on Sept. 1, the Bureau of Labor Statistics' Index of 28 spot prices jumped 4%. By Sept. 5, when England and France were in, these speculative prices were up 14% over August's average, by Sept. 22 they were up 27%-to a World War II high. The sharpest rise occurred understandably in import necessities: wool tops up 50% in two weeks, shellac up 74% in three. The more representative all-commodity index, reflecting industrial as well as raw commodity prices, reached a peak at 79.5, up only...
...London's vital outpost, the Ambassadorship to the Court of St. James's, he prepared to send no blundering politico but one of the ablest career diplomats in the Foreign Service, shrewd, handsome Norman Armour, now Ambassador to Argentina. Mr. Armour's record was a quick index to his ability: posts at Paris (twice). Petrograd, Brussels, The Hague, Montevideo, Rome. Tokyo, Port-au-Prince, Ottawa, Santiago. Buenos Aires, Washington...
...year 1940 opened and closed in gloom. Around Labor Day 1939, Business had begun to prepare for big orders. Assuming that World War II would resume where World War I had stopped, manufacturers started buying frantically from each other in order to be ready. The FRB production index headed straight up; then-when the export orders failed to materialize-it dived. So 1940 opened to the twinge of a familiar business headache: inventory trouble, just like stagnant...
...Army & Navy began to dump orders of $41,000,000 a day in industry's lap. The important fact about these orders was that they were for capital goods. For the first time in more than a decade, industry's prime mover-capital-goods expansion-agitated the indexes again. The steel rate soared from 60% of capacity (April) to 92% in September. At 11:30 p.m., on Dec. 9, steelworkers finishing the second shift also finished an era. They cast the years 60,835,000th ton of ingots, and thereby put 1940 ahead of the previous peak steel...
Today Salida has recovered. Its 3,000 lost citizens have been replaced. Gasoline sales (good tourist index) are up $5,000 a month over last year. Salidans are very fond of W. B., whom they call "Cap." They have tried for three years to tack a $50 raise to his $150-a-month salary, but he says the C. of C. budget can't stand it. On his salary the Foshays live as well as anyone in town...