Word: levels
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Dates: during 1930-1939
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...present low level of commodity prices not only chills business confidence and causes inventory losses but slows public buying in anticipation of still lower prices. Result is a general stagnation which continues until stocks are so depleted that extensive buying must be renewed, forcing prices to turn upward. Last week, Standard Statistics saw no sign of U. S. business reaching this fundamental crossroad in the immediate future. Neither did Colonel Leonard Porter Ayres in his monthly sound-off. True, solid gains in crop prices on the report of bad weather and rust jumped Moody's commodity index...
Henry Ford's schools in Greenfield, with 244 pupils all told, go from kindergarten to the college level. At the top is the Edison Institute of Technology. Although he once said "history is bunk," the Greenfield schools teach history. But they stress such subjects as typewriting, manual training, telegraphy, mathematics, spelling, agriculture. Machine shop work begins in the eighth grade. Prime aim of the Ford educational plan is to produce a nation of handy men, rather than poets or philosophers. His curriculum excludes all but "useful" subjects. Thus, his schools teach no foreign language, no art but the utilitarian...
...sponsored by Mayor LaGuardia's New York Municipal Art Committee, flopped flat. Almost its only distinction was that it brought to Manhattan more canvases than any show that season. When the second opened last year with 526 pictures and statues, critics were agreeably surprised, found the general level of painting higher, a few pieces outstanding, their subjects of coast-to-coast diversity. Last week, in the spacious galleries of the Fine Arts Society, the third National Exhibition turned out to be the best...
...coming from behind in the last round with an astonishing sub-par 69 while the leaders were cracking all around him; for a total of 284, six strokes better than second-place Dick Metz of Chicago; over the ribbon-fairwayed Cherry Hills course, one mile above sea level; at Denver. Champion Guldahl, who was glad to get an odd job as a carpenter two years ago, broke the all-time U. S. Open record with a score of 281 last year. Now, comfortably employed as pro at New Jersey's Braidburn Country Club, he is the first golfer since...
...lows, since then have partially recovered- mainly on rumors of crop-damage from heavy rains in the cotton belt, minor floods in the dust bowl. Last week, spot cotton in New Orleans sold for 8.34? a lb. above the price the week before, but well below the 1933-37 level. While 1938 exports are up slightly from last year, U. S. cotton mills have cut production and world consumption for this season is down 13%. In all likelihood cotton growers this summer will need Government help more than ever...