Word: marketeers
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Dates: during 1930-1939
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...bales. To conserve the balance of this fund, the subsidy was cut in half, midnight, Dec. 5. A few days later, it was cut to 2/5?, again last week to 1/5?. Anxious to share in the Government subsidy before it was all gone, exporters rushed into the market and bid cotton up 1? to 10.55?, highest in two years...
...bales in the cotton year ended July 1, 1939. The balance of the subsidy fund should account for another 600,000 bales at $1 a bale. But if farmers, who have 3,941,950 bales in hock with the Government, start repossessing, they can flood the market all over again, break the price...
...goods: sales, 100,000,000 yards, up 80,000,000. This piling up of inventories is a gamble that retail sales will boom before production declines under inventory pressure. But there was an additional reason for textile activity: England, needing burlap for sandbags, has virtually cleaned out the Calcutta market since the outbreak of war with orders so far totaling 1,000,000,000 bags. The price of raw material for burlap is up from ?18 ($84.24) a ton in August to ?88 (about $344.96). Supplies for the U. S. are limited, not likely to last long. Textile companies...
...production for inventory. Then sales began to dry up. Fortnight ago, American Smelting and Refining Co. dropped the price ½? ($10 a ton). Trade pundits guessed that the steel industry-one of the largest consumers of nonferrous metal-would let down production even further after January, and American Metal Market headlined: "The outlook for Metal Prices none too solid...
Times were tough in Walla Walla, Wash, (pop. 15,976) in the spring of 1932. The tariff wall which Canada hoisted in the early '205 had finally cut off the valley's chief market for fresh fruits, asparagus, tomatoes. Moreover, its wheat was going begging at 50? a bushel...