Word: peakes
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Dates: during 1950-1959
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...mystery surrounding the sale of the Edward G. and Gladys Lloyd Robinson art collection for $3,250,000 (TIME, March 4), was finally cleared up. Not very silent on a peak in St. Moritz, Greek Shipping Tycoon Stavros Spyros Niarchos let it be known last week that he is the collector for whom Manhattan's M. Knoedler & Co. Inc. bought 58 paintings and a bronze from Movie Tough Guy Robinson...
...consumer's confident spending is the fact that he is so well heeled. The U.S. Department of Labor announced that the net spendable earnings and the buying power of factory workers rose in January to record levels for the month (though still slightly below the alltime peak of December 1956). Though the cost of living is rising (see NATIONAL AFFAIRS), millions of workers will keep up with it through automatic cost-of-living increases in their wage contracts...
After sliding gently downhill for months, Wall Street's stock market went out for a short, whistling toboggan ride last week. It shot down to 454.82 on the Dow-Jones industrial average, almost 70 points below the bull-market peak set last April...
JAGUAR EXPORTS, Britain's biggest auto dollar-earner, have been badly hurt by fire at automaker's plant in Coventry, one of few British auto lines still producing at peak. Blaze damaged one-third of plant. Production-75% for export-will be stopped at least a week, will not hit full stride again for months...
...mines were opened by Rio Tinto Mining Co. of Canada Ltd., a subsidiary of the 84-year-old British mining firm, Rio Tinto Co., Ltd. of London, which acquired them along with other Blind River properties from Brooklyn-born Joe Hirshhorn for $60 million in cash and securities. At peak the mines will soon be turning out $110,000 worth of uranium concentrates daily to fill the guaranteed Canadian government purchases of $206.9 million...