Word: cottons
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Dates: during 1930-1939
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...world, they were mistaken. In every market there was turmoil-orders to buy, buy, buy and few or none to sell. Within 15 minutes the Chicago Board of Trade, the grain markets of St. Louis and Kansas City were closed to prevent a buying panic. The New Orleans' Cotton Exchange stayed open and the price of cotton jumped $1 a bale. The New York Stock Exchange likewise continued to function, although the ticker fell eleven minutes behind sales. The stock of the Baltimore & Ohio-the gold clause of whose bonds had been specifically invalidated by the decision-soared from...
...doing their bidding. Day by day NIRB turns out reams of decisions and orders which, for affected industries, have all the authority of substantive law. In every city, town and hamlet NRA's viceroys, the code authorities, govern as best they can. The 1,400 mills of the cotton textile industry, employing half a million workers, which for years had known no law but strife, now all obey one law in regard to hours, wages, production. To other industries, such as automobiles, the change may make less difference, but it is law of a kind and its potentialities...
...Height is just an optical illusion," continued this man to whom altitude means nothing. "Anyone can look out of a 20 story window, but take the wall away and no one will go within ten feet of the edge. Tack a cotton cloth along that edge and people will bravely step up to it again...
...gold cases that was hailed by senators and professors as correct, may turn out not to be an unmitigated blessing to the Administration. Orders so swamped the grain exchanges in Kansas City and Chicago that they were forced to close and before the decision was an hour old cotton had risen a dollar a bale. Thus, while the monoyists of the brain trust ranks were preening themselves on having been successfully rationalized, those gentlemen in the government, who are seeking to increase our exports as an aid to recovery, mourned privately...
...Cotton, for instance, has been selling in the American market, by reason of A.A.A. help, at twelve cents a pound. The European market thinks six is enough. Secretary Wallace has been trying to get the foreign market to take more cotton. With the price of cotton up what has become of the chances of increasing our exports of cotton...