Word: peake
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Dates: during 1950-1959
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...again, only to be interred--the American literary life makes a new chapter for The Golden Bough. And of course it is not only the readers and critics who support our savage demand for greatnes, who insist that every writer carry a banner with the strange device, 'Pike's Peak or Bust;' it is also the writers themselves...
...weeklies have largely shed their cracker-barrel ways, developed sophistication and a new sense of mission. Today they are the fastest-growing publications in the U.S. Weekly Newspaper Representatives, Inc. reported last week that the 8,478 weeklies in the U.S. in 1956 reached a paid circulation peak of 18,529,199, up 6.5% over 1955. Estimated gain for the 1,700 dailies (total circ. more than 56 million): about 2%. Advertising in weeklies increased 1.2% to a record $112 million; this includes a 30% jump (to $25 million) in national ads since 1954 v. an estimated 10% gain...
Real wages kept a step ahead as Americans piled up heavy overtime pay; the average factory production worker with a wife and two children took home an all-time peak of $76.54 a week, $1.30 more than the month before. Paychecks will grow even fatter. In February alone, hourly wages of some 500,000 U.S. workers in the transport and electrical industries will move up 1¢ to 3¢ under cost-of-living escalators. Warned BLS: "Rising costs and strong aggregate demand will very likely underwrite a continued climb in consumer and wholesale prices...
...Bottom & Peak. As bond prices dropped, the big mystery was: Why did investors fail to take advantage of the bargains? Yields on the Dow-Jones average of 40 bonds rose to 4.30%, close to the yield of 4.53% on the blue-chip stocks. Yet until last week the shift toward bonds was remarkably slow, apparently because many investors were waiting for bond prices to drop even further...
...market finally rallied, say bond men, because investors decided that the bond market has reached bottom and the credit pinch its peak. Many bond dealers believe that the tight-money policy, by forcing marginal borrowers out of the market, is now increasing the supply of available investment capital. Others think that the present rally is seasonal, but that credit will ease later in the year; thus nudging bond prices higher as other interest rates slip. In any case, to customers who had been waiting for the best time to buy brokers were saying...