Word: peak
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...York Stock Exchange, the Dow-Jones industrial average sank for the fourth straight week. A 26-point loss reduced the average to 925, wiping out all its gains since mid-September. From its early December peak, the Dow has slipped 60 points, or 6%. Brokers generally see little on the economic horizon to provide much cheer...
Although aristocratically Old-World in manners, the members of the group were thorough democrats when it came to running the quartet. They shared its profits equally-at their financial peak in the '50s, they made about $40,000 a year each-and put all disputes to a vote. Deciding interpretive questions at rehearsals, they avoided 2-to-2 deadlocks by assigning one player two votes for the music at hand. Roisman could sometimes swing a vote his way, even when in the minority. He would say quietly: "Doesn't Mozart get a vote...
...Budapest Quartet probably hit an interpretive peak in the late 1930s and early '40s. Nothing reflected that better than its way with the mysterious, deeply spiritual last quartets of Beethoven. The ensemble's recordings of that period captured their particularly expansive style, in which they seemed to move as much above the music as with it. Although they lost some of their ease and sparkle in later years, they never sank below a remarkably high level of interpretive excellence. Even on an off night, they played with exactitude of tempo and emotional involvement that few other ensembles could...
Money supply-currency, plus checking accounts and time deposits in the nation's 14,000 commercial banks-needs to expand as population and production grow. The Federal Reserve Board controls the expansion, largely by buying or selling Government bonds. In the process, it makes adjustments for peak periods of demand, such as the Christmas shopping season, or times when the Treasury must borrow heavily to finance budget deficits. In addition, the Federal Reserve tries to use its monetary powers to moderate the ups and downs of U.S. business. But Friedman says that the board repeatedly errs in the rate...
...York Stock Exchange, the Dow-Jones industrial average, which reached a 1968 peak of 985.21 on Dec. 3, fell to 943.75 at year's end. Despite a rebound when trading resumed after the New Year holiday, the average lost ground for the week, closing...