Word: depressed
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Dates: during 1930-1939
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...Board, through its grain corporation, began to buy again. Yet within the week September wheat slumped 7 cents per bu. to a 24-year-rec-ord low of 74½ cents, as compared with the 5 cent-per-bu. decline the week Soviet traders were accused of deliberately trying to depress the market to demoralize U. S. husbandmen (TIME, Sept...
...pending delivery, decided to use the Chicago market to hedge the sale as a form of price insurance. Hedging, he said, seemed necessary because of London estimates of a larger world crop with consequently lower prices. Declared Comrade Belitzky: "To say the syndicate was selling wheat short to depress the price is fantastic. The logic and the facts refute this charge...
President & Pit. In Washington anxious Secretary of Agriculture Arthur Mastick Hyde told President Herbert Hoover that trade representatives of the Soviet Government have sold short "at least 5,000,000 bushels" of grain (and possibly 7,500,000 bu.) in Chicago's pit, hope to depress prices further, sow discontent among U. S. farmers...
...Corp. during the coming months when farmers will be moving the 1930 crop to market, unless in the meantime prices rise to the level at which purchases were made [$1.15 to $1.18]. In no event will this 1929 stabilization wheat be thrown on the market in a way to depress prices...