Word: market
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Dates: during 1940-1949
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...Until recently, the U.S. has not been exporting any more food than it did after World War I. But in July and August, grain exports increased to an alltime peak. The traders also put the blame on the blundering way the Government bought. Instead of buying only in dull markets, it hopped in & out of the market, paying no attention to the available supply of spot grain...
When prices dropped after the war, and with them the fishermen's take-home pay (based on a share in the profits), McHugh ordered each boat to limit its catch, in an effort to bolster the market. Crews that disobeyed were fined, or kept on the beach. The Federal Government refused to interfere, citing the exemption of unions from prosecution for trade monopoly under the Norris-LaGuardia Act. Then the union went a step further, ordered crews to refuse to sell fish for less than the former OPA prices...
...Broadhurst agreed. The dispute, he found, was not a labor dispute between the union and employers, but a business matter between the union and the buyers. Last week Broadhurst issued a permanent injunction preventing the union from fixing the price or artificially limiting the supply of fish in Massachusetts markets. Henceforth the union would have to take its chances in the open market...
Canada and Latin America in general were competitors in the world market in 1939. When the war cut off traditional European customers, they found that they could do business with each other. Latin America had vegetable oils, coffee, bananas, cotton, sugar and many another tropical product that Canada wanted. The Dominion, in return, needed markets for newsprint, machinery', wheat and whiskey...
...were the exorbitant SCAP-set prices. But traders thought that many of them were caused by the bungling of inexperienced SCAP supervisors. According to some traders, SCAP officials thumbed through Montgomery Ward and Sears, Roebuck catalogues, knocked off perhaps 10% for profit, announced the result as the world market price-giving not a thought to charges for freight, handling, duty, etc. that the foreign buyer would have to pay. A story making the rounds told of one SCAP official who handed a pair of gloves to his secretary, asked her, "What would you pay for that in New York...