Word: corns
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Dates: during 1940-1949
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Next morning the panicky selling spread to other grains, drove both wheat and corn futures down their full permissible limits (10? a bushel for wheat, 8? for corn) for the day. In New York City the stockmarket, alarmed by the tumble in grains, had its worst break since last April...
...Chicago grain pits were nervous. Wheat and corn prices "had been slipping for two weeks (TIME, Feb. 9), and traders were afraid it meant trouble. On Tuesday last week the trouble came. It swept in on a wave of selling in corn...
...Thursday, wheat and corn again tumbled the limit and securities slumped some more. Then Secretary of Agriculture Clinton P. Anderson, whose boss has been sounding off about high prices, did what seemed to be his flap-jawed best to keep them up. He announced that the Government might boost its export buying by an additional 50 million bushels of wheat...
...grain prices rallied. Some grain speculators thought the worst might be over. Richard Uhlmann, president of the Board of Trade, thought it was safe to speak some reassuring words for a CBS broadcast. As he finished speaking, an assistant rushed up and cried: "The rally's oyer! Corn fell 8? while you were talking...
Saturday morning, the groggy traders tried to sell before the gong rang. In 20 minutes, May corn fell another 8? limit. One flustered trader put a sell order in the wrong pocket of his coat. Before he found it, the price drop had cost...