Word: gluts
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Dates: during 1950-1959
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...year ago, neither Dean Ajax nor any other engineering dean was being harassed that way. Engineers were momentarily a glut on the market. But now, M.I.T. found that every one of its prospective February graduates had at least one job lined up. CalTech had 404 requests in two weeks. Illinois Tech blinked to find that it was getting recruiting visits from top company executives. Some of them were offering $125 a week...
...industry's biggest growth came from the sensational success of frozen orange juice, which also bailed out many a floundering Florida citrus grower. Four years ago, Florida had such a glut of oranges that prices tumbled to as little as 65? a box. In 1949-50, as frozen-food packers put up 21 million gallons of concentrated orange juice, the demand for oranges outran supply and prices rose...
...plaguing the visitor with a harpoon. As for mere sharks, they worried no one: it became sport to haul them aboard by the tail with the bare hand. The Kon-Tiki's food kept well, stored below the deck in asphalt-coated containers, and seafood was a glut in the galley. Flying fish, good eating, practically flung themselves at the frying...
...industry had overtaken all demand and for the first time since World War II found itself producing more oil than it could sell. State commissions, which set the legal flow of oil from wells in the five big producing states, cut back the allowable production, to prevent a bigger glut...
...when the frozen-food market collapsed that year, in a glut of low-grade products, the three partners did not have enough capital to weather the disastrous drop in prices. For $250,000 they sold Snow Crop's name and good will to Clinton Foods Inc., third largest U.S. producer of corn products, took jobs as heads of the corporation's new frozen-foods division. Moone promptly sank $15 million of Clinton's money into groves and four packing plants, contracted to take the entire output of 39 more plants. Pushed along by a big advertising campaign...