Word: upping
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Dates: during 1930-1939
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¶ To the bankrupt Rock Island, Missouri Pacific, St. Louis-San Francisco, to the prosperous Union Pacific, Burlington, U. S. winter wheat adds up to a substantial portion of summer revenue. Largest of the winter wheat carriers is the Santa Fe. Wall Street Journal dug up some interesting figures on...
¶ Neatest financial trick of the week was accomplished by Secretary of Agriculture Henry Wallace: By reducing the Government subsidy on cotton exports, he helped boost the price of cotton. He originally got a $36,000,000 fund with which to subsidize exports. He spent about $32,500,000, paying...
¶ Cotton goods prices paralleled raw cotton prices (up an average of
¶ a yard); when cotton is rising, textile fabricators like to buy for future use in hope of inventory profits. Last week's cotton buying was paralleled by a rush to buy cotton grey goods: sales, 100,000,000 yards, up 80,000,000. This piling up of inventories...
¶ At the end of August, zinc sold at 4¾? a Ib. With war, its price rose to 6½? - a rise of 47% which precipitated no end of buying and production for inventory. Then sales began to dry up. Fortnight ago, American Smelting and Refining Co. dropped the...