Word: unloading
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Dates: during 1960-1969
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Washington fears that the U.S. will soon be forced to make further price cuts in order to hang on to its traditional 40% share of the shrinking world market for wheat. If so, the chief losers will be U.S. taxpayers because more farmers will elect to unload their crop at the domestic subsidized price and the Government will have to pay the cost of storage until the wheat can be sold. The problem is likely to prove persistent. U.S. farm experts figure that the world supply of wheat has grown so large that even a serious drought...
Bleeding in the Markets. Worried about tight money and the economy's future, investors continued to unload stocks last week. The Dow Jones industrial average declined another 19 points to 876. Since it reached the year's high of 969 in mid-May, the market has dropped like a stone...
...Steve Kaplan, last year's president of the Harvard Undergraduate Council, lives in a spacious quad on the second floor of the Leverett Towers. The elevator stops at his front door. While he too tried to unload furniture, the idea slid nicely into the course of conversation. Steve Kaplan has been a Harvard politician for four years...
...Woman. "I have 500,000 unsold books in stock," he complains. "Heaven knows how I shall ever get rid of them." Hardest hit of all, perhaps, are the obsequious little men who run Denmark's fleshier kiosks and porno stores-and who are now trying to unload for $8.50 a reel skin flicks that last year sold for $40. "The legalization is killing business," says one, "and you have to be content with what you can sell of decent magazines...
Price-cutting has started as the five major wheat exporters-France, the U.S., Canada, Australia and Argentina -unload stockpiles below the price minimums set by the International Grains Agreement in 1967. France opened negotiations with Red China on a deal to unload soft wheat. Not wanting to be left holding a surplus, the U.S. followed by underselling grain to Germany and Britain. Canadian farmers, prevented by the strait-laced Canadian Wheat Board from breaking the Grains Agreement, could only fume as prices fell. The board finally relented after it became apparent that a free-for-all was shaping...