Word: market
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Dates: during 1940-1949
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Next day the market was thrown out of gear with a resounding crash. A flood of selling started when the market opened. By the close, corn and soy beans were down 8?, their daily legal limit; wheat fell 6 to 8¾?. Even wholesale meat prices slipped, along with livestock prices. One thing that had finally frightened the speculator into panicky selling was a decision by the Federal Government to cut purchases of grains for November export by some 50 million bu., 42% below the July-October level. And traders who had expected frost to nip the short corn crop...
...size of the wheat crop were widely known," said Anderson, "the bottom would drop out of the speculative market." The bottom did just that in the next two days. By week's end corn was down 27? a bu. to $2.38, wheat 23? to $2.57. It had been the biggest week's drop since Nov. 16 of last year. Said Anderson: "Long overdue. I hope the drop will continue...
...result was a "premium" in rayon. The "official" price had risen steadily: from 55? a Ib. for 150-denier viscose filament in August 1946, to 67? last week. But the premium market price was around twice that...
...auto model season. It shut down its assembly lines to finish retooling for a "revolutionary" new model. Hudson plans to build a car only five feet high, yet with full headroom interior. Hudson, already delivering present models 90 days after order, anticipates a break in the sellers' market sometime in the next few months. It hopes to get into full production of its new model in several weeks, thus score a beat on its larger competitors...
...Grey Market. Steel sold in the "grey market," at premiums of $60 to $150 a ton, amounted to 1,300,000 tons in six months or 4.3% of total finished steel shipments, according to Iron Age, which made a survey of some 1,500 steel-using companies...