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...paper increased in value to the point where it was out of balance with the rest of the estate, the trustees were to consider selling it. They thought the Enquirer had reached that point; it made around $1,000,000 last year, and the market was probably at a peak...

Author: /time Magazine | Title: The Press: Make Us an Offer | 5/3/1948 | See Source »

...boom in farm land reached a familiar milestone. After nine years of steady climbing, said the Department of Agriculture, farmland prices had finally hit the peak reached in the post-World War I land boom. Prices rose 7% last year to 205 (1935-1939 equals 100), the 1920 top. And in 32 states, particularly in the southwest where irrigation had increased productivity, land values had long overshot their post-World War I mark...

Author: /time Magazine | Title: AGRICULTURE: Peak Reached? | 5/3/1948 | See Source »

Since 1841, Mt. Everest (29,000 ft.), in the Himalayas, has reigned as the highest peak in the world. It has never been climbed.* But a few pilots thought they had seen a higher one among the Amne Machin Mountains of West China. When peripatetic Pen-Manufacturer Milton Reynolds went looking for such a peak (TIME, April 12), he ran into trouble with the Chinese government, failed to get anywhere or prove anything. Last week, another expedition quietly took off from a hard-packed loess runway at Lanchow to make the first recorded flight directly over the Amne Machins...

Author: /time Magazine | Title: Science: There She Stands | 4/26/1948 | See Source »

Pilot Chin circled and zigzagged over the range (most of the time at 18,000 ft.), found no competitors for Mt. Everest. The tallest peak he saw (22,000 ft.) was not among the Amne Machins but in the Kuolo range near by. Tallest Amne Machin peak observed: 19,000 ft. Drawled Chin: "I never thought those mountains were very high. But I didn't expect they'd be that damn...

Author: /time Magazine | Title: Science: There She Stands | 4/26/1948 | See Source »

Reported Cholly Knickerbocker, in open-mouthed awe: "We doubt that even the Sultan of Turkey, the Emperor of China, or the Czar of Russia, when those fabulous courts were at their peak, ever attempted anything on a more colossal scale...

Author: /time Magazine | Title: HOTELS: Housewarming | 4/26/1948 | See Source »

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