Word: peak
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Dates: during 1940-1949
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That was the last link that held the Constellation and 48 lives to earth. Sometime, somehow, in the next few minutes a heavy cloud and the high peak of Mt. Redondo on Sao Miguel Island combined and snapped the threads. A truckman saw a flash of light on the mountain. Planes took off to search, and eight hours later a twisted, fire-blackened heap was sighted on the mountainside. In the Constellation's wreckage were its 48 dead, burned beyond recognition...
Arriving in Manhattan, Britain's crusty old (70) Conductor Sir Thomas Beecham had undergone no sea change. He planned a concert and lecture tour in the U.S. and Canada, including four stops in Texas, where, he intoned, "Western culture has arrived at its highest peak." Having disposed of these kind words, he turned on modern classical music: "A continuous succession of promissory notes. Composers are always promising but only keep on promising." What about bebop? Snapped Sir Thomas: " What the devil is that...
Cutbacks. With production at a peak, General Motors pushed third-quarter sales to $1,580,405,459, up 32%. Its quarterly profit of $198.7 million v. $120.3 million in the 1948 quarter was the biggest in corporation history. In expectation of an extra dividend, G.M. stock rose to a new 1949 high of 68. But General Motors' President Charles E. Wilson and Chrysler's President K. T. Keller both warned that the steel strike had hurt even if it should end this week...
...Peak. The great roaring bull market had reached its peak on Sept. 3, when U.S. Steel hit 261¾, General Electric reached 396¼, Radio Corporation of America passed 500 (on a pre-split basis), and the Dow-Jones industrial average reached its alltime high mark of 381.17. In the same week that Adams Express, an investment trust, split its stock 10-for-1, the stock jumped 100 points. As October came there was a series of severe shakeouts. But few took them as a warning. Smart operators thought a setback was only a golden chance...
...main sources of college and university income, of course, are tuition and other students fees, and today across the country these are at their peak. However, the higher rates aren't having their full effect in narrowing the cost-income gap because enrollments are falling. In Harvard's case the enrollment dip simply reflects the University's decision two years ago to slash war-swollen figures. Many other colleges, however, would like to continue with a bigger students body but can't because fewer and fewer men today have enough money to pay the expensive bill...