Word: levels
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Dates: during 1960-1960
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Treasury's course was to announce firmly that there would be no change in the U.S. price for gold. The announcement had the desired effect: at week's end gold prices fell back-to $37.22 in London-and steadied. But since gold prices still stood at a level at which Central banks could buy from the U.S. and sell elsewhere at a profit, most bankers expected that the storm had not yet blown over...
...High-level Stagnation. In the face of this, even the overwhelming majority of pessimists were cautiously aware that a slide so mild could be quickly arrested. W. T. Diebold of the Bell Telephone Co. of Ohio liked the term ''high-level stagnation" to describe what is happening to the economy. Myron Silbert of Federated Department Stores called the drop "a mild thing'' that will not approach previous downturns. But whatever they called it, almost all of the other business econo mists contended that the current slide will get worse before it gets better...
...Lower-Level Production. What is braking business? Chief drag is that businessmen, who had been adding to inventories at a rate of $11 billion a year, have stopped adding at all. They are not expected to increase buying in the near future, and, until they do, business will continue to drag along...
Stacked three-deep on new split-level flatcars, some 2,000 new Ford and Chrysler cars swept south from St. Louis last week on the rails of the St. Louis-San Francisco railroad. The shiny cargo represented the largest weekly auto shipments the Frisco had ever carried. It also signaled a comeback of U.S. railroads in the competition for automobile freight transport, which a few years ago seemed won by the trucking industry...
...their biggest hurdle-transition from the "child-centered" elementary school to the subject-centered high school. For Conant's money, the key solid is reading. "Pupils will not succeed in high school." he comments dryly, ''unless they can read at least at the sixth-grade level ... To my mind, the minimum goal for almost all pupils at the end of grade 9 is that these future voters should be able to read with comprehension the front page of a newspaper at a rate of about 200 words a minute...