Word: levels
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Dates: during 1940-1940
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Despite the production boom, stock prices never have climbed back to the level from which the Lowlands Blitzkrieg toppled them last May. Thus many a shareholder had paper losses this month on stocks bought before the May collapse. To deduct them from his 1940 taxable income, he had to sell the shares, turn his paper losses into real ones. He then could deduct his short-term losses (on securities held less than 18 months) from short-term profits taken on other transactions this year, carry any net loss over to deduct from next year's short-term profits...
...still on. Also, many buyers have been frightened into premature turn-ins by the thought that the 1941 models may be the last for some time. Yet the automakers, just as scared of rationing as their customers, have been anxious to build year-end inventories up to the level of 600,000 new cars...
...pottery and china market on their hands. They were geared to supply two-thirds of it, no more. Last week they were so far behind on orders that they refused to make deliveries before early 1941. Yet they had licked one problem: prices were down to the level of the former imports...
...they have an intact nostalgic tone with a true power to move. Stephen Foster's Old Folks at Home, even without the music and even thanks in part to the minstrel-show spelling, has gentle, real beauty (but only one line is about Mother). Yet that newspaper level of verse is half brother to folk poetry, and profits by its blood...
...forces and the nature of the Protestant ministry and its professional training. We now have, in place of guess-work, reliable information as to these matters. Meanwhile the Conference has been drawing up a list of accredited theological schools, which have academic equipment and standards of decent graduate school level. The attempt to establish such standards has, of course, aroused resentment in those quarters where piety is cultivated at the expense of sober learning. Nevertheless, if a church is to go through the motions of giving its ministry an academic training, there is no hallway house in which...