Word: boom
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Dates: during 1940-1949
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...inveighings against "profiteering," Britons who had bought South African gold shares, in anticipation of devaluation, made whopping profits. Two thousand traders, shut out of the Stock Exchange, gathered outside the building on Throgmorton Street. For an hour the crowd was quiet. Then one trader made a bid-and the boom was on. Brokers, jobbers and clerks shouted orders. Clothes were torn and hats battered...
What started the onion boom was a Government forecast of a short crop-27.2 million sacks v. 31.6 million last year-and a trader's hunch that the Govrnment forecast was too high. As he started to buy, traders who were caught napping two years ago when a short crop swept the price up from $3.80 to $6.50 jumped...
...time, visitors who rang the bell at the door of Zöppritzstrasse No. 46 in the little Bavarian town of Garmisch-Partenkirchen heard a recorded voice boom through a speaking tube: "Dr. Strauss is not at home . . . Dr. Strauss is not at home." After awhile, when even tall (6 ft. 3 in.), ruddy-faced Dr. Strauss had tired of his crusty prank, visitors were merely asked by a servant to state their business. In most cases they were turned away. Last week, in Garmisch-Partenkirchen, a visitor called who would not be denied. Death came to Richard Strauss...
...other hand, the huge U.S. oil industry, which had thought last spring that the boom was over, changed its mind. The vast production of new cars, diesel engines, oil heaters, etc. had swelled oil demand so much that the U.S. Bureau of Mines forecast greater demand this year than last. The bright outlook caused oil shares to pace the recent stock market upswing. The market got a new lift this week from the prospect of a settlement of the steel wage dispute (see NATIONAL AFFAIRS). In the first day's trading, steel shares gained as much as a point...
Ward knew that the wartime textile boom would not last forever. Three years ago he set his research chief, Everett Nutter, to developing a new cloth to meet the hot competition of rayons and tropical worsteds. The shakedown in the textile industry came before Nutter's new fabric was ready. In the first three quarters of Goodall-Sanford's last fiscal year, the company's profits fell 51%; Ward quickly decided on his price-cut to clear out stocks for his new fabric...