Word: pit
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Dates: during 1930-1939
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...private agency of the planters in the American Cotton Co-operative Association, in practice an open-market buying & selling organization of the Farm Board's which in set-up and scope of operation will duplicate the Grain Stabilization Corp. through which the U. S. executes its Chicago wheat pit activities...
Close to the hill where the shrine of St. Louis now stands, ancient Carthaginians had their temple to Moloch, into the fire-blazing pit of whose brazen stomach they dumped children as sacrifices. Julius Caesar planned to rebuild the city. Augustus did so. It grew to have 500,000 population almost as many as before destruction. The Roman massacres of Christians occurred mostly in the 3rd Century A.D. Most famous of the Carthaginian martyr saints were Cyprian, a bishop, and Perpetua, a rich lady who modestly pulled her torn clothes about her sabre-ripped body before she died. The Arabs...
...each commodity a co-operative which, "as it gains financial strength and experience, can and will become entirely independent of the Government." He defended the Board's loan policy on wheat and its open-market operations "to check unnecessary depression of prices." He insisted the Board's pit dealings had "averted a crisis more serious than the crash of the speculative stock market...
Winter Crop. Meanwhile the condition of the 1930 winter wheat crop in the southwest, planted last Autumn in abundance when the Farm Relief Act was hopefully new and before the Farm Board had called for acreage cuts, caused a price flurry in the Chicago wheat pit. Drought and hot winds threatened a reduced yield, sent July prices up 10? per bushel. Then came rains over the winter wheat area and quotations slumped back to last week's closing...
...dealer. His brother John had been involved in the Armour Grain Corp. fiasco which caused his suspension for two years from the Chicago Board of Trade. Early this year when wheat broke badly Grain Corp., with the Farm Board's sanction, organized Stabilization Corp. to go into the pit and trade on U. S. funds. William Kellogg was made its president. Who endorsed him the Farm Board declines to reveal but Chicagoans imagine he had political backing from Wisconsin. He conducted his trading through his brother John, now reinstated, with much swagger. Their operations in the pit caused much...