Word: grains
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Dates: during 1930-1939
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...Iranian rial lost more than half its value (worth about 6½? today), necessitating creation of Government monopolies for imports and exports, prohibition of entry or departure of Iran's paper or silver money. Food prices doubled, taxes trebled. To meet clearing agreement promises, large stores of grain, rice, dried fruits, some needed for home consumption, were exported. In one area His Imperial Majesty decreed that cotton should be grown instead of wheat. Drought ensued, the cotton crop failed, and to make matters worse the world's cotton market just then fell. To the Iranian masses this meant...
...York Stock Exchange were to expel its biggest member firm, the act would be comparable to what happened last week on the Chicago grain exchange. Charging that it deliberately manipulated prices and attempted to corner corn futures last September, the Chicago Board of Trade expelled from membership Cargill Grain Co. of Illinois and its three top officers. Cargill Grain of Illinois is a subsidiary of Cargill Inc., generally accepted as the largest grain elevator and merchandising enterprise in the U. S. Snapped the Board of Trade: "Today's action is final and is not subject to review...
...unlike the "Old Guard" of the New York Stock Exchange, the members of the Chicago Board of Trade regard themselves as an exclusive club with a divine right not only to deal in grain but also to speculate in it. Just as the Stock Exchange has its SEC, so the Grain Pit has its CEA. But the Commodity Exchange Administration so far has been quite liberal and one of the few limits to speculative activity in grain is a mysterious "gentlemen's agreement" said to have been reached in 1926 by a Kansas city grain merchant named Lonsdale...
...Board of Trade's member firms, Cargill is the only one to advocate such CEA limitation of speculation. With the strict Scotch Presbyterianism of its bosses, Cargill claims to regard a future contract as a contract to be fulfilled to the letter-which means actual delivery of grain. Most brokers regard a future merely as a hedging or speculative mechanism. Nor is this the only seed of contention between Cargill and the Board of Trade. Though Cargill has been in business since 1865 and has branches from Seattle to Albany, not until...
...first four constants are fundamental to Quantum Mechanics, which deals with the microcosm of the atom. The last two are fundamental to four-dimensional spacetime, which deals with the macrocosm of the universe. The velocity of light, c, is fundamental to both. According to Eddington, c is the natural "grain" of world structure. It is the velocity which cannot be surpassed, the speed at which masses become infinite, clocks stop, measuring rods contract to zero...