Word: level
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Dates: during 1920-1929
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...this southern station of the University Observatory. Since its foundation at Arequipa, Professor Bailey has been in complete charge of the work there. In 1893 he established a meteorological station on the summit of the famous Andes peak, El Misti, which rears its head 19,000 feet above sea level. In this little hut which is by far the highest station erected for scientific observation in the world observations of the greatest importance were carried on for over 10 years...
...When the level of domestic interest rates fell last spring, and again last fall when stock market prices began their heavy advance, it was predicted that commodities would in turn see a price rise. During December, according to statistics prepared by the U. S. Department of Labor, this expected rise in commodity prices proved sharp and brisk...
From day to day the pound sterling has bounded up and up. Its par level in terms of U. S. dollars is $4.8654 After 1919, it fell by degrees to a figure far under $4.00, the chief reason being that a major part of the world's gold supply was in the U. S. In the early months of 1923, it had climbed up to $4.71-the highest figure since the War control over Allied exchanges was abandoned in March, 1919. The advance was short-lived and the pound sank back to $4.34 in December of the same year...
...reconstruction of international trade and financial conditions. The effects of such a step are at present only to be conjectured. To the U. S., the chief results are likely to be larger foreign loans, reduced gold supply, increased exports and imports, a rise in interest rates and a higher level for foreign bonds which have been floated...
...pyrotechnics recently seen in Radio Corporation shares on the Stock Exchange has attracted universal attention to this new business. Last fall the stock sold as low as $26.87 a share. From this level they have rushed up as high as $77.75 a share. Investors are now questioning how far this advance has been justified by earnings of the Radio Corporation...