Word: skyhigh
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...role, Hollywood has been beating its breast and wailing about the hard times. There is plenty of reason for wailing. Studios like Warner and RKO are carrying on only token operations; Eagle-Lion has suspended production. The foreign market is shot, the cost of making pictures has risen skyhigh, like everything else, and who can predict what damage television will eventually do to the movie industry...
...spread along what prospectors call "the moccasin trail," the rush started. In no time 500 claims had been staked around Campbell's. When Campbell's ore samples showed a 60% content of radioactive mineral and 99% of it uranium (10% is considered pay dirt), the boom went skyhigh...
...owned enough rye to scare the daylights out of Minneapolis' Cargill, Inc., the world's biggest grain trader. Cargill had sold rye short and would have lost its shirt if it could not have bought grain to cover its contracts before the near corner drove the price skyhigh. The court shook its head over the slick trick Cargill, Inc. had used to import Canadian rye cheaply and break the market. Cargill apparently had been able to do so by crawling through a loophole in the law that permitted the import of rye free of duty, if it were...
...trading direction, IAPI in the postwar years rolled up huge profits buying wheat and other foodstuffs cheap from Argentine farmers and selling abroad for all the traffic would bear. Lately Miranda's all-the-traffic-will-bear policy has backfired. Because he jacked the price of linseed oil skyhigh, U.S. farmers took up flax-growing. Result: the U.S. this year produced its first exportable surplus of linseed oil in history. Argentina has lost its U.S. and British markets, and IAPI is stuck with 325,000 tons of the stuff...
American Eagle. The free market in gold in Paris was also opened last week with little fanfare, though the price of gold was skyhigh. Example: an old U.S. double eagle $20 gold piece was quoted at 18,000 francs, three times the value of a $20 bill. In effect, gold was selling for $60 an ounce...