Word: unloads
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Dates: during 1950-1959
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Baruch had recommended rolling wages and prices back to their pre-Korea levels. That would be impossible, Maybank argued. Many firms, for example, had laid in big stocks at high post-Korea wholesale prices, now had to unload them at high post-Korea retail prices or take ruinous losses. Besides, the mere job of getting across-the-board enforcement started, Government experts figured, would cost $400 million, require 65,000 more federal workers. "I said when we started out," said Maybank, "that I wouldn't be the uncle of any damned...
...Commodity Credit Corp. last week reported a $249 million loss on its price-support programs for the year ended June 30. It now has $3,538,125,000 tied up in loans and purchases. Furthermore, CCC cannot unload the surpluses on its biggest potential customer, the armed services. Reason: CCC by law adds a carrying charge to its selling price, and in some cases the total exceeds current wholesale prices. Result: the services are buying such items as butter in the open market, although CCC has 190 million Ibs. in its deep freeze...
...over. Stocks started recovering at the opening bell and by noon were up as much as three points. Then came the news that President Truman had ordered U.S. intervention in Korea, and a huge wave of selling swamped the market. Big & little traders, amateurs and professionals scrambled to unload...
...rubber growers got the point. In two consecutive days last week, rubber futures dropped the full legal limit of 2? a Ib. on the New York Commodity Exchange. Indonesian growers scurried to unload, spurred on by the added news that their government plans to slap a stiff 5?-a-lb. tax on rubber exports after July i. At week's end, New York rubber futures had leveled off at 28.9?. With this year's natural rubber production now estimated at 140,000 tons in excess of world consumption, most traders thought that even lower prices were ahead...
...York, cotton traders said the corner would have little effect on U.S. markets.) At week's end, the pashas' paper profits were estimated at $28 million. But some Egyptian traders thought that Farghaly and Yehia might have overreached themselves. They might find it impossible to unload their enormous holdings without breaking the market and collapsing prices...