Word: baling
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...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...
...proposed that U.S. cotton exchanges boost margins on cotton futures $10 a bale for every cent a pound rise above 25?. (At the present price of 26? a pound, on the New York Exchange, this would increase margins 1½times.) Few knew whether this would hold down prices. But it raised the tempers of cotton patriots so high that they loudly threatened to liquidate OPA if it continued to tamper with the sacred right of cotton to rise as high as it pleased. Nevertheless, Stabilizer Bowles was stubbornly determined to check cotton prices. If increased margins did not work...
...part in every war since the Revolution. ("After all, I was the person who suggested the whole idea of having Nancy Gaylord be the mother of Walt Whitman's illegitimate child-it's terrific. He meets her at the Mardi Gras and lays her on a cotton bale-she realizes for the first time that the Yankees are not all as bad as she'd thought.") The satire is not intended to cut deep, but it is an enlightening and timely tract on current U.S. literature's peculiar disorders and needs...
...warehouses bulged with a carryover of more than 11 million bales of cotton, at the end of July 1945. Despite bad weather and labor shortages, another 9.1 million bales have just been harvested. And, with soaring prices, U.S. planters are now getting ready to grow a whopping 11.6 million-bale crop...