Word: peake
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Dates: during 1950-1959
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...early Christians, pushed underground for their heretical beliefs, defiantly scratched on the walls of the Catacombs. Harrison's main purpose in using the design was to avoid inner supports and thus provide an unimpaired view. The sloping walls of the sanctuary, which is 60 ft. high at its peak, support each other; the principle is the same as that which causes a piece of firm paper to stand when it is creased and placed on edge...
...gloom, the latest production estimates from the Federal Reserve showed a three-point drop to 130 on the index in February, a total six-point decline since the first of the year. All told, industrial production was down 17 points from the 1956 peak, a slightly bigger drop than during the 1953-54 recession...
Stumbling Bull. This calm view of the recession was reflected in normally jittery Wall Street. The bull market had been the first to take fright last year. After hitting a July peak of 522.77 on the Dow-Jones industrial average, only a shadow below the alltime high, the bull started to slip, stumbled to his knees in October, when the average hit 419.79. As a result, shrewd investors have long since discounted the current news...
...Island's booming Nassau and Suffolk Counties, which had been hard-hit by cutbacks in defense spending, new industry is moving in at such a rate that some 75 new plants are under construction to add more electronics, nuclear energy, plastics, clothing, to the area's economy. Peak unemployment hit 45,000 out of 675,000 working in mid-February, but now companies are rehiring workers. Housing in Suffolk County is 100% ahead of last year; Long Island retail sales are ahead, and while autos are down, loans on boats at the Franklin National Bank (total resources...
...MIDWEST is neither as gloomy as New England nor as bullish as the South. One-industry towns such as Flint, Mich., where General Motors' Buick division laid off more than half its work force, have helped peak Michigan's unemployment to 415,000, or 14.3% of the labor force, and the highest figure since the war. Lorain, Ohio, where U.S. Steel laid off 3,500 of its 11,000-man National Tube Division, is also in deep recession. Peoria, Ill., where Caterpillar Tractor Co. laid off 6,000 of its 23,000 men, is getting ready to dispense...