Word: price
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...importers of British raw materials and goods cheered the devaluation of the British pound to $2.80 (see INTERNATIONAL). Prices of British goods in the U.S. had been far too high; now they began to tumble. Fergus Motors, a Manhattan importer of British cars, slashed the price of the Austin automobile from $1,595 to $1,275, trimmed all other makes 20%. Rolls-Royce dealers trimmed that $20,000 job to $15,000. Dunhill's also jumped aboard, cut British pipes and cigarette cases 20%. The prices of British wool, rubber, cocoa and other commodities from sterling areas slumped...
...official $2.80 rate in New York's "free market." (The notes could not be used in commercial transactions, were chiefly useful to tourists who could take ?5 into Britain.) The notes, which had been selling at $2.90 before devaluation, were down to $2.60 to $2.70. However, the price gap was now so small that bankers thought Britain could clean up the supply of notes, if it wished, by removing the bars on taking them into Britain...
...last week the lowly onion was back with a rush; it was the hottest commodity* on the exchange and had pushed aside such heavily traded commodities as butter & eggs. Hour after hour, shirtsleeved brokers bid high & fast fof November futures, sending the price of a 50-lb. sack up as much as 50? in a day (the maximum permitted). More onions would be traded this month, experts estimated, than in all of 1948, when a record 21,214 carlots changed hands...
...boom was a Government forecast of a short crop-27.2 million sacks v. 31.6 million last year-and a trader's hunch that the Govrnment forecast was too high. As he started to buy, traders who were caught napping two years ago when a short crop swept the price up from $3.80 to $6.50 jumped...
From $1.90 in early August the price soared to $3.93 on Sept. i, then slipped off to $2.69. Last week it bounced back up under brisk bidding to $3.25. Nor was the end of the boom in sight. Onions usually start coming into the market for delivery n November. But if the price is rising, and the crop short, many a farmer will probably hold out his onions and the short sellers scurry to cover their sales. Commented a trader happily: "That's when prices will really begin...