Word: level
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Dates: during 1920-1929
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...action, he believes that the satellite was formed by a coalescence of masses coming together by mutual gravitation. If, then, meteors fell into the moon while the crust was cooling, they would penetrate the surface, throwing up circular ridges, and the holes thus caused would probably be filled nearly level by molten matter from the interior. As the ball grew by these constant accretions, the corresponding expansion of the surface would both enlarge the diameter of the original craters and in some cases break them up, causing the irregular arcs and mountain chains, just as the designs on a child...
...fissures, and through "tubes", which occur when molten lava has run out from under a hardened crust above, leaving a natural pathway two or three miles long and from 50 to 60 feet high. In the last eruption the lava overflowed but it has again sunk to its former level, about 120 feet beneath the brim...
...coming months. The old topic of merging the roads into a few systems has begun again, but until certain Eastern roads can be viewed as assets rather than liabilities, few significant steps toward its realization are likely. In general, prices of railroad and industrial stocks have reached their highest level on the present movement, and except for the level momentarily attained last October, are higher than since...
...call rate fluctuating closely around 5½%. The advance of the New York Federal Reserve rediscount rate last week to 4½% was reflected in the rise in the ratio of that bank from 79% to 80.6%. Bonds remained unsettled, and, though stable, seem to have reached a high level for their present movement. Public interest is plainly going over to stocks, and to appreciation in price rather than rate of interest return...
Foreign exchange rates, after their recent wild fluctuations, proved steady. In the case of German marks, which remained at the same low level for more than a week, this was extraordinary when it is remembered that the Reichsbank successively issued 440 billion and 420 billion new paper marks during the past two weeks. Indeed, almost 1½ trillion marks, or about 50% of the present outstanding issue, were added during February. Under such conditions it is plain that the present efforts of the Government to stabilize German exchange rates are foredoomed to failure...