Word: holdback
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Dates: during 1940-1949
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...present. More dollars would merely put him in a higher income-tax bracket. Thus, the average farmer held back from market more wheat than usual (near Larned, one farmer kept his entire crop-about $175,000 worth at last week's prices-in storage). Normally the Kansas holdback, a form of insurance against a poor yield the next year, is about 30% of crop. This year elevators and farm bins are clogged with about 150 million bushels of wheat-50% of the crop and more than one-fourth of the breadgrains the U.S. hopes it can send to Europe...
...less on what the public bought over the counters and more on what industry needed. Pricewise, the brakes were off production. The dislocations on metals which had crippled manufacture of batteries, wiring and parts for autos and other products could now be adjusted-at a price (see BUSINESS). The holdback of many production and consumer items was certain to end-as it had in food and many textiles. Business in general did not look for runaway prices; no smart merchant or manufacturer wanted to price himself out of his market...
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