Word: pit
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Corners," as every one knows, are forbidden on most civilized stock and commodity exchanges. Not so the "squeeze," which approaches a corner without actually turning it. Last week the corn pit of the Chicago Board of Trade, slumbering in the doldrums of depression, was stirred to humming life by a squeeze worthy of the late great Benjamin P. ("Old Hutch") Hutchinson himself. Thomas Montgomery Howell, a wiry, taciturn La Salle Street grain broker who is picked by many to fill the big shoes left empty when Arthur William Cutten moved up to Winnipeg (TIME, Jan. 26), was the squeezer. Many...
...himself. His reply to a peace overture from another operator is quoted as: "I go along, ask no quarter, and don't give any." He was born in Cedar Rapids, Iowa, was in the advertising business in Lincoln, Neb., before he went to Chicago, has been a pit trader since 1915. Neat, almost dainty in appearance (his hands and feet are tiny) he moves restlessly about the floor dressed usually in grey with a dark blue shirt. He has a country place near Chicago where he shoots pheasants, a yacht upon which he winters in Florida. Associates...
...villages to receive cable despatches which told the glad tidings of what was happening on the New York Cocoa Exchange. Cotton, despite the bearishly small decrease in acreage, rose throughout the world. Textiles rose in the U. S. and on the great Manchester Royal Exchange. In the Chicago wheat-pit, 36 stories under the 40-ft, 15-ton aluminum statue of Ceres which is the Chicago Board of Trade Building's talisman, grains rallied smartly, sent the theoretical total value of U. S. grains up $300,000,000. On the New York Rubber Exchange, where recently less than...
...announcement regarding credits to Latin American countries (see p. 10). Long deferred investment buying appeared. Vivid tales were told of big bears trapped, fretting behind the bars of higher prices. One venerable member of the Exchange was heard to sing that old bull war chant of the Chicago Wheat Pit: "He who sells what isn't his'n must buy it back or go to prison." And even the most sanguine of optimists was willing to concede that the song was applicable in any market last week, that much of the recovery's violence...
...houses in these communities were not mere hovels but substantial wooden structures--what we should call today small cottages; they were generally equipped with little pit-like cellars, which some times contained a wooden bench beside a firepace. The dwellings were grouped closely together on top of the hill, but in the middle was an open space, perhaps a place of public assembly. Around the cluster of buildings was a stout stockade of heavy wooden posts, and in this were elaborately contrived gates, with special provision for defence. At some time the inhabitants apparently decided they needed more room...