Word: pit
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Dates: during 1930-1939
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...normal: 2,500,000,000), smallest since 1881. Buyers scouring the country for corn were finding that farmers were not selling, needed far more feed than they had grown. Husking bees had been postponed for want of ears to husk. And in the Chicago grain pit, traders suddenly realized that outstanding sales of corn for September delivery were double the supply in terminal grain elevators. Suddenly corn bounced up 3⅞? per bu., nearly the full 4? limit allowed by the Chicago Board of Trade...
...doubt who will that tonight I portray the ceaseless yearning of their hearts and the ambition of their minds. Let him who will, be he economic tyrant or sordid mercenary, pit his strength against this mighty upsurge of human sentiment now being crystallized in the hearts of 30,000,000 workers who clamor for the establishment of industrial democracy and for participation in its tangible fruits...
Died. Arthur William Cutten, 65, Chicago grain speculator, "Little Giant of the Wheat Pit"; of heart disease; in Chicago. Last month he retired from the Board of Trade, after the Supreme Court reversed his suspension by the U. S. Grain Futures Administration on a charge of holding 116,000,000 bu. of undeclared wheat futures...
...stuck to your post in a veritable furnace with the white heat literally burning your clothes off your body. You did this notwithstanding Pilot Ed Hefley begged you to leave the pit to him. When the door into the pilot room blew open, and the flames were reaching into the cabin, you came out and closed the door. . . . Again the door blew open, so terrific was the speed, and again you came out, this time a human torch...
...women stepped out of a night school, started down in an elevator. As the car passed the twelfth floor, it picked up abnormal speed. The operator tried to check it with the control lever, failed. Instants later the car smashed into the spring buffers at the bottom of the pit, bounced up again, settled for good with its floor split, its walls and mechanism utterly demolished. Jounced into a screaming jumble on the floor were the passengers, all alive, but two with broken legs, others with sprained ankles, bruises. These injuries, which in train, ship, automobile or airplane wrecks would...