Word: glut
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...growing "trade gap" between what is bought and sold by the poorer nations -in Latin America, Asia, Africa. From 1950 to 1960 their share of world trade declined from 30% to 20%, and their imports expanded much faster than their exports. On top of that, a world commodity glut held down prices of their exports-mostly food, fuel and fibers-while prices rose for the increasingly complex machines that they import. Because of the switch to synthetic goods and new efficiencies in manufacturing, the industrial nations are buying relatively less natural rubber, textiles and metals. The commodity-producing countries...
...this species of splendiforous prose creeps in with high seriousness elsewhere in the magazine, only to halt the flow of plot and glut the reader's palate. Joe Porter has fairly garnished his "introduction to a novel" with passages like...
...that construction moves in cycles all its own and may be due for a downturn, but the evidence to support them is weak; with the exception of one year (1960), total construction spending has marched steadily upward to new records every year since World War II. Even the apartment glut-and many apartment seekers would dispute that there really is one-probably will lessen as more and more new families are formed each year. With such built-in growth ahead, estimates are that construction outlays will increase by two-thirds, to $107 billion...
Succeeding there, he moved into crude-oil production, then marketing. In 1958 Mosher took his longest chance: faced with an industry-wide oil glut that was driving out other independents, he bought up three smaller companies, forged an integrated oil company. It now includes petrochemical plants, refineries, tankers, 1,800 service stations and producing wells in the Middle East and Latin America...
Novelists and short-story writers are a glut on the literary market, but a man who can dance a light fantastic stanza without tripping over his dactyls is a treasure to be prized. John Updike was a light versifier before he became a novelist, and his latest verse demonstrates that he is perhaps the best player of the game since Ogden Nash and Morris Bishop came into their prime...