Word: ceilingless
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Dates: during 1940-1949
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...Dismal Failure." Where was the meat? A great deal of it had been slaughtered in the ten-week ceilingless period when farmers had sent to market just about every animal that could walk or crawl. Much of that meat had been eaten, but doubtless large quantities of it had been stored by buyers who foresaw the return of ceilings and shortages. The meat which was still out in the nation's pastures on the hoof was likely to stay there for many weeks...
...this year's crop (27,000,000 bu.) by buying rye futures (i.e., contracts) to deliver rye in December. Large chunks of refugee cash, looking for a profitable place to light, were also plunked down for rye futures. Wheat and corn speculators, balked by ceilings, crowded in on ceilingless rye. Rye prices started up. In a few months they rose some 30? a bu. Chicago's storage elevators became clogged with rye being held off the market for higher prices. Minneapolis' giant Cargill Grain Co., one of the biggest grain operators in the U.S., reportedly caught short...
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