Word: zenith
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...founded (1919) the broad-based Popular Party, largely Catholic but independent of the Vatican, which steered an enlightened middle course between burgeoning extremists of left and right, rose after the Fascist interlude to be Italy's dominant Christian Democratic Party; of a heart attack; in Rome. At the zenith (1923) of his powers Sturzo fell before the violent tactics of Mussolini and fled the country, in exile wrote prophetically (Italy and the Coming World) of postwar disorders, later returned to Italy to lend encouragement to his flourishing Christian Democrats...
Even stocks of electronics makers who sell chiefly to consumers sold off easily. Zenith Radio Corp. established a first-half record with earnings of $1.66 per share v. $1.01 last year, but lost 14⅛ points during the week. Philco Corp. came back from a $1,400,000 loss in the first half last year to earn 54? per share for the first six months of 1959, was off 2⅞ for the week. Motorola, which set a second-half record with $3.04 per share v. 76? last year, dipped seven points...
...other industries earnings were just as good. For some companies, such as Zenith Radio Corp., whose stock has spiraled from 67½ a year ago to 324½ last week, first-quarter earnings were so high ($3.37 per share) that Chairman Hugh Robertson facetiously told stockholders that he had qualms about announcing them. Explained Robertson: "We were fearful of putting out our first-quarter figures because they were so good. We don't think the stock is overinflated, but we don't want to add fuel to the fire...
...Zenith...
...Investors reacted by driving P. Lorillard up 175% to 89 at the high; General Foods went from 50¼ to 79½ Federated Department Stores from 30⅛ to 54¾ Pfizer, Merck. Schering, and Carter Products posted 68% to 114% gains. One spectacular performer riding a recession boom: Zenith Radio hit a high of 208½ for a 209% gain since spring...