Word: poundâ
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Dates: during 1932-1932
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Biggest business news of the week was a roaring bull market in cotton that lifted all deliveries above 9¢ a pound???nearly 100% above the June lows. Last month brokers on the New Orleans Cotton Exchange lazily perused their newspapers during most of the trading sessions. Last week they swarmed in a shouting, milling mass as they executed the deluge of buying orders. Their excited turmoil was heard above the traffic in Gravier Street. Loiterers grinned up at the exchange when they caught the yells and cheers of brokers as quotations crashed through to new highs. Cotton houses took...
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