Word: peak
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...Willis C. Armstrong, director of the State Department's Office of International Resources. Because Canada is also affected by U.S. restrictions, Canada's Ambassador to Venezuela joined the talks. Some of the facts: ¶ Of the 14% drop-off in Venezuelan oil production since the Suez-crisis peak of 2,900,000 bbl. a day, the slump in the world market accounted for about 10%, U.S. voluntary restrictions for only 4%. ¶ In the same period, politically powerful Texas' output has dropped 18%. ¶ Crude prices in the U.S. have shaded off 10? to 25? from...
...early Christians, pushed underground for their heretical beliefs, defiantly scratched on the walls of the Catacombs. Harrison's main purpose in using the design was to avoid inner supports and thus provide an unimpaired view. The sloping walls of the sanctuary, which is 60 ft. high at its peak, support each other; the principle is the same as that which causes a piece of firm paper to stand when it is creased and placed on edge...
...gloom, the latest production estimates from the Federal Reserve showed a three-point drop to 130 on the index in February, a total six-point decline since the first of the year. All told, industrial production was down 17 points from the 1956 peak, a slightly bigger drop than during the 1953-54 recession...
Stumbling Bull. This calm view of the recession was reflected in normally jittery Wall Street. The bull market had been the first to take fright last year. After hitting a July peak of 522.77 on the Dow-Jones industrial average, only a shadow below the alltime high, the bull started to slip, stumbled to his knees in October, when the average hit 419.79. As a result, shrewd investors have long since discounted the current news...
...Island's booming Nassau and Suffolk Counties, which had been hard-hit by cutbacks in defense spending, new industry is moving in at such a rate that some 75 new plants are under construction to add more electronics, nuclear energy, plastics, clothing, to the area's economy. Peak unemployment hit 45,000 out of 675,000 working in mid-February, but now companies are rehiring workers. Housing in Suffolk County is 100% ahead of last year; Long Island retail sales are ahead, and while autos are down, loans on boats at the Franklin National Bank (total resources...