What is "to glut the market"

Glut \Glut\ (gl[u^]t), v. t. [imp. & p. p. Glutted; p. pr. & vb. n. Glutting.] [OE. glotten, fr. OF. glotir, gloutir, L. glutire, gluttire; cf. Gr. ? to eat, Skr. gar. Cf. Gluttion, Englut.]

1. To swallow, or to swallow greedlly; to gorge.

   Though every drop of water swear against it, And gape at widest to glut him.
   --Shak.

2. To fill to satiety; to satisfy fully the desire or craving of; to satiate; to sate; to cloy.

   His faithful heart, a bloody sacrifice, Torn from his breast, to glut the tyrant's eyes.
   --Dryden.

   The realms of nature and of art were ransacked to glut the wonder, lust, and ferocity of a degraded populace.
   --C. Kingsley.

   To glut the market, to furnish an oversupply of any article of trade, so that there is no sale for it.