Word: baled
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...textile market, some rayon prices were already down 12% from their peak, and sales were still lagging. Cotton traders, expecting a 16,000,000-bale crop this year (v. 10,000,000 in 1950), drove down the price of cotton for delivery next fall by $10 a bale, or 6%. In other futures markets, grains, sugar, coffee and cocoa were all on the skids; the Dow-Jones index of futures prices dropped to 204.90, off 10 points from its February peak and the lowest level in two months...
...They plan to return to Nicaragua shortly, and have already signed up a 700-acre tract at Tipitapa for their second crop. They will need two more tractors, two more jeeps, plenty of equipment and supplies. But they expect to have no trouble financing these expanded operations: their 170-bale first crop brought them a net profit of nearly...
Stored in a Liverpool warehouse, until she can figure out what to do with it: a 447-lb. bale of raw cotton wrapped in red plaid, a gift to Princess Elizabeth from the cotton farmers of Edinburg, Texas...
...spread in ever widening circles through the U.S. economy, stirring a mild backwash of inflation. All over the U.S. prices were shooting upward. Last week alone, tires went up as much as 12½%, tin rose 15? a Ib. to 97? in New York, cotton futures soared $10 a bale in one day. Overall wholesale prices bounced higher; the Bureau of Labor Statistics reported a week's rise of 1.8% in its wholesale price index...
...fortnight ago, the cotton pit in the antiquated bourse on Alexandria's Mohammed Aly Square exploded with the news that the two pashas owned or controlled every bale of Ashmouni cotton in Egypt. Ashmouni rocketed to $80.36 a hundredweight, nearly double its price five months ago. When frantic speculators who had sold Ashmouni short tried to make delivery with other grades of cotton, the pashas appealed to the Egyptian cabinet. On their plea that "foreigners" were trying to cheat them, the cabinet passed a retroactive law banning delivery of substitute grades...