Word: depression
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...Board, through its grain corporation, began to buy again. Yet within the week September wheat slumped 7 cents per bu. to a 24-year-rec-ord low of 74½ cents, as compared with the 5 cent-per-bu. decline the week Soviet traders were accused of deliberately trying to depress the market to demoralize U. S. husbandmen (TIME, Sept...
President & Pit. In Washington anxious Secretary of Agriculture Arthur Mastick Hyde told President Herbert Hoover that trade representatives of the Soviet Government have sold short "at least 5,000,000 bushels" of grain (and possibly 7,500,000 bu.) in Chicago's pit, hope to depress prices further, sow discontent among U. S. farmers...
...Corp. during the coming months when farmers will be moving the 1930 crop to market, unless in the meantime prices rise to the level at which purchases were made [$1.15 to $1.18]. In no event will this 1929 stabilization wheat be thrown on the market in a way to depress prices...
...variation of that idea has been arranged for Ted Lewis in the form of some nonsense about an old Hungarian violinist who played symphonies for royal families and his son who played jazz. Elements of mother love, fatherly pride, wealth that can buy finery but not happiness, fail to depress Jazz King Lewis. He excitedly and excitingly blows his clarinet and saxophone, juggles his high hat, croons odd songs in a hoarse voice. Best song: "I'm the Medicine Man for the Blues...
Repercussions. Leading U. S. cotton experts were in substantial agreement that: 1) Even a brief Lancashire strike would depress the market for raw cotton as British orders were curtailed. 2) Only a long Lancashire strike would boom the U. S. cotton textile trade. Reason: the British mills have reserve stocks of the type of high class cotton cloth competitively manufactured in the U. S. and can maintain their position in this class of goods for some weeks or months. 3) Germany and Japan, producers of cheapest cotton cloth, will be in a much stronger position to grab what Lancashire loses...