Word: market
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Dates: during 1940-1949
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Planting Cash. For many a farmer this prosperity was a problem as well as an unaccustomed pleasure. He had dollars galore and wanted no more-for the 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...
...farmer was spending his money wisely. The bright sky might be the limit for what some would pay for a tractor or slightly used auto on the black market. But most of the farmers' spending was going into better living-running water, bathrooms, electricity and appliances, kitchen labor-savers. Nothing was too good; some farmers were buying airplanes and putting landing strips in their fields. Kansans were reaching for more land, as they always had in prosperous times. But now they were paying mostly cash; Kansans remember all too well the disasters of mortgage foreclosures in the early...
Those who backed their expectations with money in Wall Street were more inclined to go along with Sloan. The stock-market perked up last week after more than two months of listless decline. The volume of trading passed a million shares in two sessions v. only one million-share session in September. Moreover, prices edged up in all of the sessions, boosting the Dow-Jones industrial average up 3.59 for the week to 179.44. The week's activity was still too mild to confirm any trend. But traders were more cheerful than they had been in weeks...
...Wall Street's 1,200-odd market advisers had urged their clients five months ago to "buy Kaiser-Frazer stock and double your money," he would have been hooted at. On the New York Curb Exchange, where the stock steadily dropped from its $20.25 offering price to a low of 5 last May, it was considered shrewd to be "short" on Kaiser-Frazer, i.e., to bet it would go lower...
...which through its British Cocoa Control Board last year sold some 300,000 tons, about half the world output. It sets the pace for similar Government agencies in Brazil and the Dominican Republic. All three, by dint of shrewd timing in deliveries, have made fat profits in the U.S. market. But the British were not wholly responsible for the price rise...