Word: bales
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...commonplace of campaign talk has been that an upturn in business and prices would re-elect President Hoover. Last week, stock values on the New York Ex change had increased $12,149,022,329 since June. Last week's break in cotton of $4 per bale was set down as politically meaningless because the G. O. P. this year did not expect to repeat its 1928 achievements in the Solid South. Business failures for the last week in August (435) were at a nine months' low. The Federal Reserve Board, issuing its most optimistic weekly report in two years, showed...
...from the humble renter to the big plantation owner. Anderson Clayton & Co., big Houston brokers, believe that most planters were unable to pledge their crops at local stores or for bank loans, will thus be able to sell for cash. Though little of last year's 13,000,000-bale carryover is owned by planters, most of it is in the South. Since June the value of all the South's cotton has leaped...
Silk to Storehouse, Recently Japan decided to sell its surplus silk stock to E. Gerli & Co., Manhattan, for $16,320,000 (TIME, May 9). Since then raw silk prices have dropped $30 a bale, lopping $3,221,000 off the surplus' value. Last week Japan announced that the deal was off, that the Japanese Government would buy the surplus from its Department of Agriculture for $14,600,000, paying in bonds...
Under pressure from cotton mercers who protested that the Government's cotton holdings acted as a "cloud" over the market, the Federal Farm Board last week announced the coming of a cloudburst. During the year beginning Aug. 1, the Board will dispose of 650,000 bales of cotton, one-half of the amount it bought from the 1930 crop at an average price of 16.3? a lb. It will be the first real sale made by the Government since it began trying to peg cotton prices. Since cotton sold last week at 6? a lb., and since it costs...
...Silk is so valuable a commodity that insurance rates on it have been high. Famed in rail-road lore used to be the "crack silk" trains running out of Vancouver; every hour saved meant a saving in insurance. Lately because of low silk and low insurance prices, many a bale has made the leisurely Panama passage...