Word: baling
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Dates: during 1930-1939
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...Orleans Cotton Market, to the Stock Exchange, to the grain market in Chicago. When the Cotton Exchange's big bronze bell closed trading at 3 o'clock, cotton had suffered its worst break since 1927, with a maximum drop of 1.85? per lb. ($9.25 per bale). Next day it opened around...
...Orleans, La., March 18--The cotton market slumped another $2.80 a bale today to where it was almost two cents a pound below the price the government is lending the farmer on his crop...
...loss for eight days totals $8.95 a bale. In a broad sense, this means the value of the 14.363,000 bales of American cotton now on hand has declined...
...none to sell. Within 15 minutes the Chicago Board of Trade, the grain markets of St. Louis and Kansas City were closed to prevent a buying panic. The New Orleans' Cotton Exchange stayed open and the price of cotton jumped $1 a bale. The New York Stock Exchange likewise continued to function, although the ticker fell eleven minutes behind sales. The stock of the Baltimore & Ohio-the gold clause of whose bonds had been specifically invalidated by the decision-soared from a forenoon price of 10 to 15. Other railroad stocks made similar gains; the market seethed...
...senators and professors as correct, may turn out not to be an unmitigated blessing to the Administration. Orders so swamped the grain exchanges in Kansas City and Chicago that they were forced to close and before the decision was an hour old cotton had risen a dollar a bale. Thus, while the monoyists of the brain trust ranks were preening themselves on having been successfully rationalized, those gentlemen in the government, who are seeking to increase our exports as an aid to recovery, mourned privately...