Word: pitting
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Dates: during 1930-1939
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...looked like Panic for a while, with millers cancelling their orders, traders dumping their holdings, farmers selling their crops. Then Mr. Milnor received from Chairman Legge of the Farm Board a blanket order to go into the pit and buy. He did, vigilantly spent at least $1,000,000 a day. He met every December offering at 73? per bu. or higher. When he finished, Grain Stabilization Corp. had added some 20,000,000 bu. of wheat to the 60,000,000 bu. it had held since last spring and the 24,000,000 bu. it had taken...
...country last week. Original investigation occurred three years ago. Reasons for extravagance: 1) the family wants to show respect, satisfy conventions, or "impress the neighbors"; 2) the funeral industry is wasteful and unorganized. Funerals cost least in the South, most in the East. Cheapest are Orthodox Jewish funerals (a pit, a plain, loose casing), average cost...
...train carried the bodies from London to near Cardington, where a great pit had been prepared. While bombers circled, Royal Air Force men carried the coffins down a ramp, laid them in orderly rows, twelve coffins...
...sold 3,110,000 bu.; Adolph E. Norden of A. Norden & Co., whose sales totalled 2,335,000 bu. The House committee members seemed dazed by the intricacies of grain trading as described by Broker Bache, who denied that the Soviet sales were large enough to affect the pit price, explained that if Russia had wanted to manipulate the world price, it would have sold short in a narrow market such as Liverpool rather than on the world's biggest at Chicago...
...like that. To understand this, to gauge the potential power of Red statesmen to work mischief in world markets, was more vital last week than to be scared by lurid rumors of Red grain dumping in Liverpool and Amsterdam, Red speculating for the decline in Chicago's wheat pit...