Word: suddenly
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Last week the crudest episode in the war against civilians had a happy sequel. A lumbering Sunderland flying boat on convoy duty sighted a lifeboat 600 miles off the Irish coast. Aboard were 46 survivors of the City of Benares, in the sudden sinking of which fortnight ago 83 children and 210 adults were thought lost. The 20-ton flying boat, running short of fuel, signaled her relief plane, which in turn signaled a warship...
...keep up with the procession of rising sales, retailers rushed to build up inventories, made the sudden boom more hectic. Even dormant Wall Street stirred as heavy-goods producers began paying preferred arrearages. Prime movers: Republic Steel (A), up from 75 to 86 on payment of all its $12 arrearage. Up on dividend expectations were Otis Steel (pfd), from 25 to 32 (arrearage $11 June 15), Pittsburgh Steel's three preferreds, from 33% to 67% (arrearages: $12.50 to $59.50). In everything except confidence 1940 business was making 1929 look small...
...steel industry is notoriously unstable. Whenever it approaches peak operations, blows in its last 10% of becob-webbed furnaces, farsighted businessmen begin to expect sudden collapse. Last week steel was flying all the danger signals. Some companies were feverishly running furnaces that could use relining, fearful that time out for repair would lose them business. Deferring repairs is steelmen's standard practice in a boom, the theory being that steel booms rarely last long enough to cause serious breakdowns...
...This sudden discovery of what Mr. Cram, terms "the dichotomy between two generations" occurred when a large and articulate section of American college students protested vigorously against involvement of this country in the war. Adler and Cram imply that if youth had the right training, the right ideals, and the right moral perceptions, they wouldn't think as they do about...
...Germany's attacks continued, without growing much heavier but with systematic aim and frequency, neutral observers watched Britain for signs of cumulative strain, for creeping paralysis such as preceded France's sudden collapse under steady pressure...