Word: grains
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Dates: during 1940-1949
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Livestock feeders had been worried over the end of ceilings, and even more because many grain growers refused to sell before prices went up. By week's end, feeders felt better; stored grain was coming into the market, and prices for beef cattle were rising enough to absorb higher feed costs. The prairies stirred under the dangerous tonic of rising prices...
...pulpit" stood Quotation Recorder Bill Poulden watching the clock. At 9:30, as the grain pits were opening in Chicago and Minneapolis, Poulden rang the gong and the pit burst into a bedlam of shouting and arm-waving...
...Goes Grain. Tall, aggressive John McDowell, Manitoba legislator-farmer who had campaigned for ending controls and reopening the Exchange, shouted down the rest with his stentorian "Ninety-five for May oats." (The ceiling had been 65? a bushel.) Across the pit a hopped-up trader with right fist up, knuckles outward, all fingers clenched (indicating no fractions) shrieked: "Sold!" A boy chalked the quotation on the board. In a few moments, barley opened at $1.25 (May delivery), up 32? from a 93? ceiling...
...across-the-border display of short tempers (TIME, Aug.11, 25), Canadian railroads were accused of sticky slowness in returning empty U.S.-owned coal cars. Last week the shoe was on the other foot. At the season when Canada's need of boxcars was greatest-to move the grain harvest from prairie to port-U.S. railroads were far behind in their return of closed cars...
...nation's commodity and stock markets showed that they did not worry alone. The day after President Truman called a special session of Congress and stirred up talk of more commodity trading controls (see NATIONAL AFFAIRS), all grain prices on the Chicago Board of Trade skittishly dropped the permissible limit. They dragged many other commodities down with them. The New York Stock Exchange also had its worst one-day break in a month. The Dow-Jones industrial average slipped 1.97 points to 182.53, losing all the gains it had made in two weeks. With profits at such reassuring highs...