Word: peak
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...year-end statements is inventory position. Last week, reviewing statements from 100 leading corporations (all having inventories of $1,000,000 or more), Manhattan's National City Bank found cause for optimism: their inventories were off an average of 10% from a year ago, 15% from the peak of the Depression II inventory glut in September 1937. Both in its evidence and its opinion. National City thus reflected the virtual consensus among businessmen that the inventory problem, so severe year ago, is now well in hand...
...refuge for many out of work, and the nine-year loss was soon more than recovered. As business improved, public policies of various kinds have helped to prevent another net reduction of the farm population, and the current estimate for January 1, 1938, is not far below the prewar peak of about 32,100,000.New Pressure Needed
...announced that it had sold 83,000 more cars to its dealers in the final quarter of 1938 than they had sold to customers. This was almost the same surplus as marked the final quarter of 1937. But there is a difference: Year ago dealer inventories were at a peak of 425,000 new, 800,000 used cars; last week, according to Detroit estimates, they were relatively normal-300,000 new cars, 450,000 used...
...Congress to put up more Relief money. Harry Hopkins last week showed no desire to raise his rolls. Instead, he announced that in the week ended December 10, WPA's total of dependents fell 45,514 to 3,139,045, having declined for five successive weeks from a peak...
...Today he is at the peak of his mental and physical vitality. . . . The only thing old about John Garner is his philosophy. He still believes in the old-fashioned virtues of economy, thrift and self-reliance. . . . We do, however, plant our feet firmly upon Democratic and American tradition in respect to terms of service...