Word: peak
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When Detroit made auto peace, Wall Street stepped on the gas. Investors rushed in, lifted volume on the New York Stock Exchange to a five-week peak of 5,700,000 shares. After cracking alltime records for three straight days, the Dow-Jones industrials closed the week at 867. That was a rise of 38 points in less than three weeks...
Chrysler and General Motors set historic highs during the week, and Ford came within an inch of its alltime peak. Many companies that sell to the automakers-in steel, copper, rubber, glass -also jumped smartly. Another fast riser was Du Pont (up 17 points, to 276), which still holds 23 million shares of G.M. stock...
...plasma and ready to stop the flow of blood as vacationers swarmed home. In Italy, reports of traffic accidents were filling up to five columns almost daily in Rome's II Messaggero, and madcap Italian drivers scored a record 184 deaths during the Aug. 12 to 24 holiday peak. In Germany, where the rate of traffic accidents per vehicle was already five times as great as in the U.S., road fatalities were running 30% higher than last year. And even in Britain, where drivers unnerve one another with elaborate courtesy and flapping arm signals that look like the wings...
...that the rising tide could turn into a flood to inundate local industries. In France, American companies already account for 90% of the synthetic rubber market, 95% of carbon black, and 65% of farm machinery. Many experts feel that the tide of U.S. investment in Europe has reached its peak, and is due to level off and eventually fall. That may happen, but U.S. companies are still welcomed into hundreds of industries in Europe-and are still moving in fast. Even if the tide does gradually recede, there are countless opportunities for U.S. investment in whole areas of the world...
...reasonable." While eager to talk about the book, they kept silent in public. "My ideas seemed to provoke a sort of fear." Soon after the book went on sale, the publisher began sending Hermand big brown envelopes containing letters from readers. "At the peak, I received a hundred in one week. Who wrote most? Country priests-those men who live the loneliest of lonely lives. They understood my book; they encouraged me." Then, with an almost apologetic smile. Hermand opened a briefcase and took out a piece of paper, his official release from holy vows. "I am completely free," said...