Word: peak
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...dividend cuts like these, many investors dumped stocks overboard as soon as they read Morgenthau's tax bill. Result: the Dow-Jones industrial average plopped 4½ points to 102.1, lowest since March 1938; utility shares hit 12, lowest ever and only one-twelfth of 1929-5 145 peak. Railroad shares fell over a point, despite the 3-to-6% freight-rate increase they had been allowed on Monday (but rail stocks, at 26.3, were still 2 points above last year's low). New York Stock Exchange seats dropped too-one sold for $18,000, a 45-year...
...size of "Miss Rosie's" business is her own well-guarded secret (guesstimated 1937 peak: $1,000,000), but she readily admits that war has made a big hole in her sales. In some lines (particularly evening clothes, more than a third of her total sales), volume fell off 50-90% after Pearl Harbor, said her business manager, "Gumpy" Gumprecht, last week. Further pushed by a lease about to run out, and by the mounting shortage of fine fabrics (be fore the war, 80% of her materials used to come from abroad), it looked like a good time...
Land-locked Denver staged a significant "launching" last week. At the Denver railroad yard, a pretty stenographer crashed a bottle of Pike's Peak snow water against the first of eight freight cars, and the "Good Ship Mountain Maid" rumbled westward-loaded with prefabricated steel for the hulls of naval escort ships. Same day, their keels were laid at California's Mare Island Navy Yard...
...Packard became the first U.S. automobile manufacturer to report more employes (17,904) in its war-converted plants than at its peacetime peak (15,542 in 1937). Among the new men: 96 former Packard distributors, dealers and salesmen...
Axis air raids on Malta have climbed to a new peak of intensity, renewing suspicion that Adolf Hitler may be concentrating on efforts to knock out Britain's central Mediterranean base before spring...