Word: peak
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Dates: during 1940-1949
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Since Germany's peak year (1942), when she turned out 27,000 planes, 40% of her fighter production has been knocked out-APB calculated-and her total monthly aircraft output reduced to 1,800. Japan's estimated monthly rate: 1,000-1,400. Last month's production in the U.S.: 8,700 planes...
...Secretary Stimson announced that the Army has 3,657,000 overseas, of its total strength of 7,700,000. These men are on every continent and hundreds of islands from Iceland to Biak. (Peak A.E.F. strength in World War I was 2,057,675.) To nourish this great force supply lines stretch more than 56,000 miles, to every continent. Some 1,150,000 of the Army's troops outside the U.S. are in the Air Forces...
...York Stock Exchange has quivered on every D-day rumor. But last week, taking its courage firmly in hand, the Exchange: 1) had its busiest day of the year, turning over 1,193,080 shares; 2) saw the Dow-Jones industrial average rise to 142.24, a new peak...
...than a year ago, Exchange President Emil Schram cried out a warning against the unhealthy boom in the low-priced "cat & dog" stocks (TIME, March 15, 1943). Last week, the "blue chips" led the parade of some 245 stocks onto new high ground. A.T. & T. hit a three-year peak, while Chrysler, Westinghouse, General Motors, Du Pont and many a retail-store stock reached new highs for 1944. And the tone had changed. Grumblers had long complained that every slip of the market meant that U.S. investors have no faith in the peace. But now, day after day, "peace" stocks...
Boom in Juniors. Quietly, unspectacularly, corporate bonds moved up also-to a seven-year peak. With plenty of cash in their pockets, bond-buyers went bargain-hunting, notably in the "junior" bonds (second liens) of many a borderline railroad bailed out by the war. This made the boom in juniors the phenomenon of the year to date. Example: Illinois Central 55 (1955) hit 90 last week, up some 20 points since the first of the year...