Word: stilles
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Dates: during 1940-1949
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...railroads, which are still making money on freight, know how to make money on passengers too, and have proved it on their main-line trains. They know that it is the uneconomical branch lines which eat up the profits. Yet state regulatory bodies, often for sentimental reasons, balk at letting them be closed down. (When the Chesapeake & Ohio sought to eliminate one, oldtimers who had not ridden it since World War I protested that they would miss the whistle...
...free" markets of the world, the British pound, which was devalued to $2.80 last September, was being unofficially devalued still further. The pound was selling for $2.47 in New York City, was off 6% from its pegged price in Paris, 11% in Brussels...
Eying the dollar loss, some exchange experts thought that the pound might be in for more trouble, unless Britain removed her strict controls on its use. Warned the Wall Street Journal: "The pound is still a hobbled currency . . . The man who holds a pound sterling, with its limited usefulness, still wants to swap it for U.S. dollars or other money that is spendable anywhere any time . . . Under such circumstances, there is no 'rockbottom' price [for the pound...
Gettysburg & Gainsborough. Though Hiram Parke now does little auctioneering himself, he still has a quick eye for the furtive lapel-clutching, pamphlet-waving, nose-pulling signals that can mean a bid. And he has not lost the ability to keep bidding at the fever pitch that he first showed more than 50 years ago in his first auction, when he sold a $20 gold piece for $100. In his galleries the hammer has swung on such fabled items as the fifth and final manuscript of the Gettysburg Address ($54,000), the Bay Psalm Book, first book published...
Although automakers turned out a record of almost 5,500,000 cars & trucks in the first ten months of this year the demand for cars is still near the top. After a consumer survey, the Federal Reserve Board predicted that there would be peak auto sales at least until the middle of 1950. One reason is that more people can afford autos than prewar. Explained FRB: while the retail price of the three leading lowest-priced cars went up an average of 65% between 1941 and early 1949, U.S. family income increased more than 100% (from...