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This operated until a slump in prices closed it by the 1930s.
The latest quarterly house price survey suggests that nowhere has escaped the slump in prices.
When the rate shock does strike, she added, the slump in prices will be extended, probably into the early 1990's.
New Zealand wool stocks, created after a slump in prices in 1991, should be used up by the end of the next season, analysts said.
A surplus of 5 to 10% in supply brings a 30 to 50% slump in prices.
The Russian stock market saw a slump in prices in late October despite encouraging macroeconomic news.
'Such levels of trades would normally suggest a massive slump in prices, but there seem to be as many buyers as sellers.
Cobb supervised the controversial decision to plow under cotton fields to reduce farm output in the expectation of reversing the slump in prices to farmers.
A Canadian uranium producer, Rio Algom, will close two mines as a consequence of a decade-long slump in prices.
Samsung said it expected the slump in prices to continue until summer, which is good news for consumers but a possible sign of weak earnings for other electronics manufacturers.
"People are at their wits' end," said James Black, vice chairman of the National Pig Association, an industry group whose mood had just begun to recover after a two-year slump in prices.
Indeed, homes in some parts of the country, especially the most expensive metropolitan areas, have become even more affordable over the last three months with a sharp decline in interest rates and a continuing slump in prices.
The slump in prices drove up the yield on the 30-year Treasury bond - a benchmark for mortgages and other consumer and corporate interest rates - to 7.03 percent, from 6.98 percent on Wednesday.
The cyclical effect of the slump in prices was most evident at the group's bulk chemical operations, where operating profits fell to L87 million ($131 million) from L143 million on flat sales.
In addition to the Noranda plant in Quebec, the slump in prices has recently forced the closings of the last two primary magnesium producers in Europe, one in France and one in Norway.
The former ascendancy had been on the decline since the Great Hunger of the late 1840s, and for them the problem was that previously agreed rents could not be paid after the slump in prices from 1874; some allowed generous rent rebates while others stuck to the agreements and enforced their property rights.
An 1884 slump in prices led to a wage freeze, and a subsequent labor shortage was filled by migrant workers from the Leeward Islands-the Virgin Islands, St. Kitts and Nevis, Anguilla, and Antigua (referred to by Dominicans as cocolos).