Word: glutting
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...Chicago, which, in Ojibwa, means "wild onion place," onions were indeed running wild. So many carloads of onions poured in and jammed railroad yards and warehouses last week that the Association of American Railroads slapped an embargo on further shipments. Reason for the glut: farmers had held their onions off the market in hopes that last autumn's cloud-high prices would reach the stratosphere (TIME, Sept. 26). But when the prices started to drop, farmers hurriedly dumped their holdings. Under the avalanche, prices collapsed. From a high of $5.05 a 50-lb. sack last September, onions skidded...
Putting the problem to Congress, Char lie Brannan was too politic to remind its members of what they already knew too well: the potato glut was its baby. The Senate Agriculture Committee handed it back to Brannan, who decided to save the $15 million and dump the spuds...
...full. There's people and rules and regulations everywhere, and when the army comes back from Indonesia next year, there'll be another 10,000 men looking for jobs." Holland's government planners are hard put to find jobs for the 40,000 new workers who glut the market every year...
Housewives could hardly believe their eyes. In three months the glut of eggs across the land had put prices on the skids. In Manhattan, for example, they had dropped as much as 31? a dozen, and by last week were down to 51?, lowest price since 1942. And the Department of Agriculture had finally been forced to lower its high support price...
Corn in the Crib. Hard-working Farmer Barbour's only worry was a glut that might force prices down. In Vincennes, they had quit picking peaches because they could not find a market. Other farmers across the U.S. had also become apprehensive of plenty. In California, pears and early Gravenstein apples went to waste. In Iowa, many a farmer's cribs were still crammed with last year's record crop of corn. This year's crop was nearly...