Word: lowe
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Dates: during 1940-1949
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...days after it had been born. For Italy's 45,000,000 people, surrender came as a national shriving, a chance for national redemption. For the United Nations, Italian surrender brought an hour as high as the hour of French surrender at Compiègne had been low. They had ripped the southern rampart of a Festung crumbling in the east, flung the certainty of defeat at Adolf Hitler and his panicky satellites, put themselves a long stride toward the heart of Europe and final victory...
Four Years, Seven Points. Yet when the Dow-Jones industrial average last week closed at 138, it was less than 7 points above its August 1939 low. In short, four years of war had little permanent effect on the averages, although production is now running at almost double the 1939 rate...
Looking Abroad. A third fixed belief is that Allied victories, while supposedly bearish for U.S. securities, are bullish for foreign securities, particularly for those of countries where postwar fiscal problems will be most acute. Last week Italian Superpower common jumped 45%, closed at 14 times its 1943 low. Superpower's chief recommendation to investors is that it is now one of the two existing avenues for speculation in war-ravaged Italy. (It, like International Power Securities, is a U.S. company holding investments in Italy; trading in all direct Italian obligations was frozen by the U.S. Treasury...
...four-and-a-half hours, intermittently, the other ships were bombed. The Italia was hit. She settled low in the sea but continued with the fleet. A few destroyers lagged to pick up survivors from the Roma. Admiral Bagliria was not among them. The main body of the fleet sailed on. At 8:35 a.m. next day, off Cap Bon, the Italia, the Vittorio Veneto and their lesser flock sighted H.M.S. Warspite, waiting with a British squadron...
Christopher Smith Reynolds, ten-year-old posthumous son of the late, mysteriously shot Tobacco Heir Zachary Smith Reynolds (Camels) and Torchsinger Libby Holman Reynolds Holmes (Moanin' Low), cost his mother 42? more a month for "support, education and recreation" this year than he did last. This year's monthly outlay, according to a report filed in Baltimore's Orphans' Court: $6,944.86. The expense money comes from the boy's estate, originally some...