Word: forecasts
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Dates: during 1940-1949
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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...
...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...
...lusty $1,811,440,047.68 in the hole for fiscal 1949. The Government had spent $40,057,107,857.79-a peacetime record-while taking in only $38,245,667,810.11. The deficit was more than three times as much as Harry Truman forecast in his January budget message...
...collision at home plate as Crosby tagged out Bob James in the first inning had caused the injury. The varsity catcher was removed to the hospital, where doctors diagnosed the injury as a broken rib and a severely punctured lung. They placed Crosby in an oxygen tent and forecast that he could not be moved from it for at least three days...
Temperatures should drop about 15 degrees today, the Bureau forecast last night, but weather will continue fair...