Word: peak
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Dates: during 1940-1949
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...nation finally reached its wartime production peak? By last week, not yet a fortnight after Dday, there were significant and contradictory changes already appearing in many & many a war plant of the nation. The U.S. was still spewing out a rising total of munitions every day. But like the first ripples of a change in the tide, the U.S. last week could see a ripple of cutbacks flowing across the country...
Three More Months. Barring unexpected catastrophes of battle, the war peak will be reached in three more months, stay on a plateau for a little while, then start downward. Some war items may even be stepped up (e.g., tank production, only a trickle for months, was ordered into high gear last week when beachhead tank losses in France were bigger than anticipated; in addition, Rear Admiral Emory S. Land announced that merchantship production would soon be stepped up). But a scheduled cut in overall war production is at last in view. Then the U.S. will be smack up against many...
...hours, and twice during the week the tickers lagged. Up went the Dow-Jones industrial averages to 147.28, highest since May 10, 1940, when the Nazi strike into the Lowlands started the market on a long slide down. The rail average rose to 41.23, a seven-year peak...
...minded fence-sitters, who buy & sell according to the famed Dow market theory, finally had satisfactory statistical evidence of a bull market. Since last July, when the market stumbled after a long rise, Dow theorists have anxiously waited for the market to "prove itself," i.e., break through the July peak, or slump into a full grown bear market. Last week's breakthrough supplied the bullish proof...
London Booms. But the optimism of Wall Street last week was modest compared to the bursting enthusiasm of the London market. Stocks hit their war peak, according to London's Financial Times industrial average. This brought a bitter cry from The Daily Herald (labor) about this "orgy of gambling...