Word: limiteds
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Dates: during 1940-1949
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...rang, signaling, the start of trading in the Chicago Board of Trade. Half an hour later, the pits were a pandemonium of roaring voices and flapping arms. Selling orders had flooded the exchange. At 10:15, traders yelled "Basement!" which meant that May corn had fallen 8?, the legal limit for one day. Within the next few minutes, May oats had dropped their limit of 6?, May wheat its 10? limit. It was the first day of a break in commodity prices which stirred the market as nothing had in two whooping years. The New York Stock Exchange slumped sympathetically...
...Thursday, wheat and corn again tumbled the limit and securities slumped some more. Then Secretary of Agriculture Clinton P. Anderson, whose boss has been sounding off about high prices, did what seemed to be his flap-jawed best to keep them up. He announced that the Government might boost its export buying by an additional 50 million bushels of wheat...
Worthless, Valueless. The airmen's objections were practical. They came down to the fact that there is a limit to what can be spent on national defense. It would cost many millions to set up U.M.T. Harry Truman figured on $400 million just to get it started. This was probably a ridiculously low estimate. Some Air Force officers figured that it would cost close to $400 million to set up Air Force training stations alone. The cost of operating U.M.T. in the three services would run anywhere from $1.75 billion to $3 billion a year...
...nebula about 250 million light-years away that seems to be moving at 26,000 miles per second, more than one-eighth the speed of light. They have glimpsed nebulae twice as far away. If the nebulae continue, on & on into space, they will eventually exceed the relativistic speed limit. Therefore, argue the critics, something is wrong with the speed-distance rule...
President Truman, whose plea for new restrictions on distilling had been turned down by Congress, appealed directly to the liquor industry to limit itself. But the distillers weren't impressed. They knew that preliminary estimates on the 1948 wheat crop were so favorable that last week the grain market had a severe slump (see Col. 3). They could quote Secretary of Agriculture Clinton P. Anderson's own optimistic testimony (on the European Recovery Program) that grain supplies were ample. They could point to foreign distilleries using grain for whiskey (for export to the U.S. for dollars...