Word: peak
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...last week it seemed that The Nation after 75 years had passed its radical peak, was headed back toward Godkin. Wrote Max Lerner in a survey of U. S. reform: ". . . Marxian influence . . . led to an ac cent on faith which . . . could result only in a drastic disillusionment. . . . The only possible focus for an American Left is America. . . . We must re-examine Marxism...
Last week, with business dropping rapidly from its end of 1939 peak, the stock market started upwards from its recent doldrums, sprinted a surprising four points in four days. Bulls, to whom most news is good news, argued that the market always anticipates the production trend; that the '39 Wall Street doldrums had called the turn on the new business recession; that last week's sprint meant more capacity operations around the corner. But bears (to whom most news is bad news) remembered the Chrysler trader who failed to outguess the tape. They reasoned that the market...
Last year Harvard Square's tutoring schools reached a peak of effectiveness in sabotaging the University's educational system. The College, through shortcomings of its own, had opened the door a crack for them, but with high-pressure business tactics they forced it wide, bursting in all their viciousness upon the Harvard scene. A year of attack could not be expected to climinate them, entrenched as they were. But today they are not the same as they used to be: two of them have closed, and most of the rest are not making as much this year as last...
...superior expression on the face of the bears was noticeable when the Federal Reserve Board reported that although its December index of production was higher than for any month in history (thanks mostly to the durable goods industries), January production, instead of rising, was slipping from the peak. This was a sure indication that its index for January would be down from December's (seasonally adjusted) level...
Meantime, the steel production rate was down to 82.2% from its pre-Christmas high of 94.4%. The composite price of scrap, a major barometer of steel, fell back from the war-boom peak of $22.50 a ton to $17.67-the mills were loaded, were not buying any more...