Word: levelizers
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Dates: during 1920-1929
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...represented by the American Petroleum Institute, to believe that it had a friend in the White House who would smile upon its own efforts to hold down production. Confronted with an enormous output and low prices, operators agreed among themselves to plug their production for 1929 at the 1928 level. They asked the Federal Oil Conservation Board to sanction this agreement. Attorney-General Mitchell ruled that such an agreement among the producers of oil would probably violate the anti-trust laws...
...likely that the fairgrounds will be shaped and hollowed like a giant amphitheatre, the centre axis being a lagoon, 2,000 x 600 ft. Entering the Fair on an upper level of this lagoon, visiting dignitaries such as the U. S. President will float on ceremonial barges through a succession of descending locks to the lower levels. The dignitary and his voyage will be visible to every person at the Fair, spectators merely having to stand on the terraces or roofs of the various buildings to survey the entire amphitheatre...
...lowest low since the War. In recent years dollar wheat has been an ebbtide mark, a symptom of a demoralized market, a text for sermons on overproduction and the farmer. But last week dollar wheat would have been good news: 90? wheat seemed to be the new low level for which crop prices were heading...
...much lasting good $100,000,000 would do in an 880 million bushel crop. Traders, however, did not pause to work out the economics of the situation. The fact that help was coming was sufficient. Furthermore, the market had been oversold, and prices forced below their natural level were ready to rebound violently at the first good news...
...want to preach to you the gospel of being a snob--not allowing yourself to drop in speech, manners and general intelligence, and going to the level of the crowd that hasn't had the opportunities you have had. Belong to the crowd that does belong, or to the crowd that doesn't belong? That's the question...