Word: peak
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...peak of influence, modernism was an intellectual movement involving at most a few thousand avant-garde Catholics in France, Germany, England and Italy. The church nonetheless moved to suppress it as if a phalanx of Luthers were in its midst. Pius' encyclical Pascendi ordered that all seminary teachers who were tainted by the heresy be fired, required bishops to take other stern measures to eradicate the spiritual disease. Loyal Catholics suspected of involvement with the movement were forced to issue humiliating public denunciations of modernism...
...volume on the New York Stock Exchange climbed to a new record, 58,194,770 shares, an avalanche that strained the facilities of banks and brokerage houses. The Big Board's year-old composite index of all common-stock issues on three straight days eclipsed its May 8 peak of $51.93, reaching $52.18 at week's end. Reflecting a suddenly renewed popularity among blue-chip issues, the better-known Dow-Jones industrial average rose every day for a 27.51-point gain on the week to 909.56, only .07 points below its 1967 high. Since July...
...money for a public utility. Long among the most depressed of the blue chips, A.T. & T. shares had suffered another $2 billion in paper losses early this month after the FCC ruling, and even at week's end remained nearly a third, or $ 11 billion, below their 1964 peak...
...most widely accepted gauge of stock performance, has lagged far behind every broader index. At week's end, the D.J. industrial average had risen 16% so far this year, but still remained well below its alltime high of 995.15 on Feb. 9, 1966. In reaching its new peak, the New York Stock Exchange index has gained 22% this year. Standard & Poor's 500-stock index comes out be tween these two; it has risen 18%, to $94.04-within a whisker of its $94.58 record set last May 8. Over-the-counter stocks, as measured by the National Quotation...
...York Stock Exchange, prices also climbed last week, propelled by the highest weekly volume on record: 57,386,715 shares. By two of the most broadly based barometers, Big Board stocks rose close to their alltime peaks. The N.Y.S.E. composite index of all common stock issues rose from $50.91 to $51.60, an 18% gain since December 30, only a mite below its May 8 summit of $51.93. Standard & Poor's 500-stock index moved up from $91.69 to $92.74, compared with its May 8 record of $94.58; it is up 18% for the year so far. The more familiar...