Word: lowing
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Dates: during 1930-1939
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...President, often disturbed by low-flying airplanes-even in his dreams (TIME, June 13)-signed an executive order roping off a wide section of Washington over which civilian pilots may not fly without special permission from the Secretary of Commerce. The area: a quarter-mile outside of the rectangle at whose corners stand the Union Station, the Capitol, the Naval Hospital, the White House...
...capable of a top speed of 250 miles an hour, these Lockheeds will be far superior to the present Royal Air Force reconnaissance ships, the Avro Anson, with a maximum speed of 188, and the Blackburn Shark, with a maximum of 152. Two hundred North American BT-9B type, low-winged, single-motored monoplanes with a top speed of 171 miles an hour, were ordered from the North American Aviation plant at Inglewood, Calif., for use as advanced training ships...
...Designed to maintain low altitude interior conditions in the substratosphere...
Bank Credit (loans and investments in 101 cities) dropped to $20,536,000,000, a two-and-a-half year low, continuing a steady ten-month slide. The complete sluggishness of business was demonstrated by its ever-waning interest in commercial loans. In New York City, an apparent reversal of the trend-an almost unparalleled rise of $465,000,000 in bank credit- was actually a confirmation of the condition. The temporary fluctuation was caused by banks (having more & more difficulty in finding investments) buying up huge quantities of maturing Treasury obligations so as to be able to turn them...
From the all-time high of 106 in December 1936, the Dow-Jones bond average fell to a low of 83 in March. Then the Government's desterilization program and the fall in commercial loans, gave bonds a rally quite unlike anything stocks have enjoyed, and the average jumped to 88, has since steadied at 85. Despite this pleasant development, the annual frolic at the Sleepy Hollow Country Club which Wall Street's bond traders enjoyed last week, cost them no sacrifice; for bond buying, like stock buying, is in the doldrums...