Word: baling
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Dates: during 1940-1949
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Later in the day Queen Elizabeth scored a personal triumph when she sampled a Paarl housewife's Dutch milk tart. "Ah," said the Queen in Afrikaans, "dis bale goed" (this is very good...
...Walton, Ind., two boys, one ten years old, the other twelve, admitted that they had rolled a 175-lb. bale of fence wire onto the Pennsylvania R.R. track "to see what would happen." What happened: five coaches derailed, four killed...
Cotton, already down $35 a bale from its postwar peak, dropped as much as $7 more (from 32.86? a pound to 31.45?). Amid the growing abundance of dairy products, wholesale butter fell as much as 7 ½? a pound in one day. In the New York area, the price of milk was reduced 44? a hundredweight by the Department of Agriculture, about a cent a quart, and pegged there to keep it from going lower...
...looked as if the worst were over, for the time being. Cotton prices, which had cracked wide open a fortnight ago, had steadied. But last week prices of cotton futures plummeted again. For two days they dropped the daily legal limit: $10 a bale. As December futures worth 39? a pound four weeks ago, hit 29?, the panicky exchanges suspended trading for a day, for the third time in two weeks...
...commodity prices, which have risen sky-high in the last six years, cracked last week. Down, with a resounding crash, tumbled King Cotton. On Tuesday cotton futures fell as much as $2.05 a bale. Next day they flopped $10 a bale, the maximum under exchange rules. In the next two days, prices continued to plummet, $10 a day. On Saturday, the panicky New York Cotton Exchange closed. Chicago and New Orleans followed suit...