Word: peak
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...stories. The A.P. alone had 35 men on the story by 7 a.m., wirephotoed its first aerial pictures of the stricken ships by 8:35 a.m., fully 90 minutes before rival United Press. Before noon, on NBC and ABC, TV audiences saw movies of the Andrea Doria. At the peak, the afternoon World-Telegram and Sun had 61 men on the story, practically its whole cityside staff, devoted its entire final-edition front page to pictures of the listing Andrea Doria and the broken-nosed Stockholm wallowing in a glassy...
...than we've ever seen before." The unleashed steel demand was piling atop an economy already operating "at a record rate, well above the same period a year ago," according to a Commerce Department survey of 1956's first half, released last week. Employment was at a peak; the demand for nondurable goods showed "little or no slackening"; the downslide in orders for durables "appears to have been arrested." Consumer purchasing, one of the economy's biggest props, had been helped by freer credit...
...boom reached a new peak in the second quarter as the gross national product soared to a record annual rate of $408.5 billion. Making that heady estimate last week, the President's Council of Economic Advisers noted a rise of $21 billion over the same period last year and $5.1 billion more than the booming first-quarter rate...
After reading a Commerce Department survey of 35,000 stores, which showed that retail sales for June soared to a record $16.6 billion, some 4% better than the June peak in 1955, a Commerce Department economist said: "The U.S. consumer is not afraid of anything...
European automakers are doing peak business in the U.S. Although their sales are only about 1% of the U.S. total, in the first four months of this year they jumped to 24,154 v. 12,653 for the same period a year ago. Biggest increase is in the sale of Volkswagens, for which there is now a three months' wait...