Word: indexed
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Dates: during 1930-1939
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Jagged descending lines on some charts tended to level off, or even rise, last week. Barren's business index for the second week in succession stood at 53.7% of normal. Steel production was virtually static at 30% of capacity; lumber-up from 166,926,000 board feet fortnight ago to 179,322,000 last week; automobiles - down from 53,385 units fortnight...
...first time since mid-March The Annalist index of wholesale commodity prices moved upward. High-grade bonds continued a steady improvement begun six weeks ago. The stock market after a 1½ month long irregular rise notable even in the depressed railroad and public utilities, stood still-but odd-lot traders, who have been buying against the trend, suddenly switched to selling...
...Robert Rhea of Colorado Springs, best-known interpreter of The Theory, had said upward breaking of 121 would definitely mark the end of the bear market. This was denied by High Priest Rhea. At any rate, industrials closed the week still below 121. And there was no theory or index that said business had definitely landed on a shelf, or reached bottom...
...does not strike very close to home to tell the average U. S. citizen that commodity prices are at 50% of the 1924-26 norm (Dow-Jones). Index figures always seem a little theoretical. Last week, however, the public had plenty of opportunity to be impressed as dollars & cents first-quarter reports for many U. S. businesses put Depression in terms that anyone could understand. With the exception of a few fortunate industries, the figures were unanimous in showing that business has taken a tremendous beating in the first three months of 1938. Samples...
...July 1932, lowest point of the Hoover Depression, the Department of Labor estimated U. S. factory employment at 60.4% of the 1923-25 norm. By March 1937 this index was up to 101%. Last week Secretary of Labor Frances Perkins announced that in March 1938 the figure had fallen to 81.7%. The Roosevelt Depression index showed an increase in non-agrarian unemployed of 50,000 since February, 2,450,000 since March a year...