Word: peak
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Dates: during 1940-1949
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Specializing in the 50 and 100 yard free styles, "Big John" started off somewhat slowly but was a consistent winner by the end of the season. He hit his peak in the Yale meet, winning the 50 yard free style in 23.9 seconds, which was the best time turned in during the entire campaign by any Harvard swimmer entered in that event...
...substitute for a lot of burlap. But last week, hemp was in such a parlous state that the agricultural fantasy of the century was being seriously pushed in Washington. Commodity Credit Corp. hoped to obtain 240,000,000 lb. of home-grown hemp, 14 times the U.S.'s peak production in World War I. CCC has barely taken its first baby step in the program: persuading U.S. farmers to plant 35,000 acres of hemp for 350,000 bushels of seed. To achieve that goal, the seed for the seed must be in the ground within three weeks...
...stocks have dropped 2,000,000 bbl. a week; now they total only 50,000,000 bbl.-about a month's supply in normal times. The oil shortage now, as it was last fall, is really a transportation, shortage, but this time it is acute. At the peak of last fall's oil scare, about 20% of the 300-odd tankers that usually ply the Atlantic Seaboard were on loan to Britain. Now tanker service has been chopped 45%, partly because of submarine sinkings, partly because of restrictions on tanker movements to prevent sinkings but mostly because...
...dividend cuts like these, many investors dumped stocks overboard as soon as they read Morgenthau's tax bill. Result: the Dow-Jones industrial average plopped 4½ points to 102.1, lowest since March 1938; utility shares hit 12, lowest ever and only one-twelfth of 1929-5 145 peak. Railroad shares fell over a point, despite the 3-to-6% freight-rate increase they had been allowed on Monday (but rail stocks, at 26.3, were still 2 points above last year's low). New York Stock Exchange seats dropped too-one sold for $18,000, a 45-year...
...size of "Miss Rosie's" business is her own well-guarded secret (guesstimated 1937 peak: $1,000,000), but she readily admits that war has made a big hole in her sales. In some lines (particularly evening clothes, more than a third of her total sales), volume fell off 50-90% after Pearl Harbor, said her business manager, "Gumpy" Gumprecht, last week. Further pushed by a lease about to run out, and by the mounting shortage of fine fabrics (be fore the war, 80% of her materials used to come from abroad), it looked like a good time...