Word: peake
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Dates: during 1940-1949
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...Administration committed to a program of deficit financing. Some Wall Street professionals, on the other hand, were betting against it. In July, the New York Stock Exchange's short interest (i.e., the number of shares sold short by pessimists in expectation of falling prices) hit a 16-year peak of 1,844,313 shares...
...first-half earnings began to come in, they showed the expected drop, in profits from 1948, when inflated prices were at their peak. But they still looked healthy. The General Electric Co., which had been among the first big companies to cut prices and had already felt the sales slump in household appliances, was possibly a bellwether of how good "normal" might be. G.E.'s President Charles Wilson reported a second-quarter net of $19.8 million, down 32% from the same 1948 period. However, profit was more than 100% above G.E.'s earnings of ten years...
...place of Straus, thick-jowled R. Howard Webster of Montreal, Straus's sworn enemy, was running things. Straus had lost control of the company which, in seven meteoric years, had risen, with the help of razzle-dazzle advertising ("the $64 question"), from a $12,078 deficit to peak sales (1946) of $46 million and a $4.2 million...
Caught Short. The poor harvest carried a few windfalls of good fortune. Last week, as feckless "shorts" ran to cover their bets in the grain markets, the price of wheat futures rose to the highest they had been in five months. At their peak of $2.06, December futures were 10? a bushel higher than a month ago. Millers and bakers, who had been taking their own good time about buying supplies, expecting to get bargain prices, decided to do their buying now-before prices got any higher...
...domestic carriers were not the only ones flexing their muscles. The international airlines, both U.S. and foreign, were enjoying the biggest summer-travel boom in their history. Pan American Airways was making 70 peak-load overseas flights a week, ten more than at this time last year. T.W.A. was crossing the ocean 52 times weekly (v. 44 last year) and its passenger load was up 22½%. Air France had been booked solid since March...