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Spurred by the death of Mola, Basque Leftists counterattacked viciously around Bilbao, regained much precious ground with heavy losses to the Rebels. To celebrate his new command Rightist General Fidel Davila ordered a massed attack on the important peak and town of Lemona. At the end of 24 hours Basque forces were still holding out. Star witness of the Lemona attack was Archduke Otto von Habsburg, pretender to the thrones of Austria and Hungary.* At the front to visit his youthful uncle. Prince Gaëtan of Bourbon-Parma, and accompanied by another uncle, Prince Xavier of Bourbon-Parma...

Author: /time Magazine | Title: SPAIN: Death of Mola | 6/14/1937 | See Source »

...steam. Manhattan's tall towers need most steam on early winter mornings when electric loads are light. So to New York Steam Consolidated has long lent steam from the boilers in its generating stations. In summer New York Steam returns the compliment. Steam's all-time peak load was Feb. 9, 1934, when the mercury in Manhattan thermometers shriveled to 13° below zero...

Author: /time Magazine | Title: Business: Steam Condensed | 6/14/1937 | See Source »

Another group of summer school pupils will spend five weeks near Colorado Springs in a Geology field course, visiting the summit of Pike's Peak, the San Luis Valley, Loveland Pass, and other points of geologic interest...

Author: NO WRITER ATTRIBUTED | Title: ARCHITECTURE COURSE ON HIGH SEA, ABROAD | 6/7/1937 | See Source »

Oats and rye also skyrocketed in the general month-end squeeze. At its peak of $1.23½ per bu., rye was above May wheat for the first time in history. Rye was even being shipped westward from Buffalo to Chicago. Wheat alone declined as the first shipment of the new crop went to market in Texas. Behind the squeeze was no crafty manipulative scheme to pinch the bears for profit. It was simply a scarcity of grain, resulting from last year's drought and AAA restrictions. In the previous five years the U. S. corn crop averaged nearly...

Author: /time Magazine | Title: Business: Corn Squeeze | 6/7/1937 | See Source »

...insurance company disbursements accounted for 6.6% of the average national income- nearly $10,000,000 daily. Total assets of all U. S. life insurance companies climbed steadily to the present all-time high, nearly $25,000,000,000. Total insurance in force was below the boom peak but still at the incredible figure of $104,000,000,000. It was not precisely true that life insurance had weathered Depression without damage (more than 40 companies went into receivership) but the record was comparable only to that of mutual savings banks...

Author: /time Magazine | Title: Business & Finance: Protection v. Investment | 5/31/1937 | See Source »

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