Word: tradings
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Dates: during 1940-1949
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...gong rang, signaling, the start of trading in the Chicago Board of Trade. Half an hour later, the pits were a pandemonium of roaring voices and flapping arms. Selling orders had flooded the exchange. At 10:15, traders yelled "Basement!" which meant that May corn had fallen 8?, the legal limit for one day. Within the next few minutes, May oats had dropped their limit of 6?, May wheat its 10? limit. It was the first day of a break in commodity prices which stirred the market as nothing had in two whooping years. The New York Stock Exchange slumped...
...trade, Iba's stalling technique (after getting a slim lead) is known as "the deep freeze." The play is turned over endlessly about 15 feet outside the foul circle. The trick : make them come out and get you. When they do, they will leave a lane open for you to break through. Iba insists that the old way, which is his way, is scientific basketball: "Anyhow, it's not indoor shinny...
...Friday morning, after another sharp dip, U.S. grain prices rallied. Some grain speculators thought the worst might be over. Richard Uhlmann, president of the Board of Trade, thought it was safe to speak some reassuring words for a CBS broadcast. As he finished speaking, an assistant rushed up and cried: "The rally's oyer! Corn fell 8? while you were talking...
After the hue & cry over devaluation (TIME, Feb. 9), the trading was anticlimactic. The British and French governments took pains to keep it so, In the black market, the pound was selling for only 750 francs (little more than $2), compared with the official rate of 864 francs (official dollar price: $4.03). To keep cut-rate pounds from being used to buy British exports, Britain set up a new control system in Paris to make sure only pounds bought at the official rate were used in Anglo-French trade. The Dutch and the Belgians were expected to follow the British...
...were waiting at the station. They thrust a bouquet of red carnations into his hands the moment the train screeched to a stop. . .The red posies were justified. Moscow had promised Cyrankiewicz a dazzling price for Poland's abstention from the Marshall Plan: a five year, billion-dollar trade agreement-plus a $450 million credit (the largest ever granted by the Soviet Union) and immediate delivery of 200,000 tons of Soviet grain...