Word: peak
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Dates: during 1940-1949
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When Canadian Orange Crush, Ltd. needed help, he bought its stock (peak value: $4,300,000) for $43,000. Along with it he got a lawsuit filed by the Honey Dew chain of restaurants, in which Orange Crush had an interest. Quickwitted Eddie Taylor dropped in to see the Honey Dew board of directors. He came out a vice president. Two days later the president died, and Taylor got into...
Hardest Fall. On the other hand, durable-goods makers had done poorly in 1946. Now that they were reaching peak production, they were doing very well. On the basis of General Motors annual report last week Wall Streeters computed that G.M. earned $73 million in the last quarter of 1946, a rate which would pour in a record $292 million in net profits this year -if all went well. But it was the durable-goods industries which were now faced with new wage demands. And there was no guarantee that price cuts would eliminate them. Ford has cut prices...
...Hoboken waterfront. There big new chemical plants are going up. Along its 50 miles of shore are concentrated $6 million worth of plants. Houston's population is up from 510,000 in 1940 to a jampacked 700,000; employment is greater than at war's peak...
Contesting these arguments, the speakers for the negative, stating that the crash in 1929 came at a period of peak employment, claimed that a guaranteed annual wage would not assure sufficient consumer purchasing power to guarantee a market for the products of industry...
Edward R. Murrow, Columbia's new chief of news and public-service programs, had set up a five-man task force last fall "to do nothing but documentary programs, ten or twelve a year, which will all be broadcast at peak listening hours."* In only six months CBS had spent more than $100,000 on the unit...