Word: bales
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Last week Governor Sterling called a special session of the Texas Legislature to consider a no-planting law. Governor Russell of Georgia said he would do the same. In South Carolina, Governor Blackwood promised a special cotton session. These three States, with Louisiana, produced about 7,500,000 bales out of last year's 14,000,000 bale crop. If all four voted no-planting-in-1932, the plan would still be some 3,000,000 bales short of the required 75% of total production. Alabama and Mississippi, however, could put it over...
...took wheat's place in the press headlines of the land and in the worried mind of the Federal Farm Board. Good growing weather began bringing in the 1931 crop ahead of schedule. On the Shafter, Calif, farm in which President Hoover has a financial stake, the first bale of long staple was produced three weeks earlier than last year. Ginning the South Carolina crop started at Allendale seven days ahead of time. In Washington, Department of Agriculture officials hotly defended as "reasonably accurate" their 15,584,000 bale crop estimate.* Prices sank to the lowest level since...
...South was being asked to destroy about 5,000,000 bales of its cotton on the chance the other 10,000,000 would bring in more money. At $30 per bale this was equivalent to plowing $150,000,000 in good money back into the ground. As an inducement Chairman Stone promised that, if ten major cotton States agreed to the plan, the Board would withhold from the market its own 1.300,000 bales and get its co-operatives to withhold their 2,000,000 bales, making a total reduction of 8,000,000 bales in the 1931 market...
...Most economists figured that crop destruction might help the cotton merchant but not the planter himself. One Georgia legislator proposed that "we plow under every third member of the Farm Board." Counter proposals deluged the Board. Congressman Patman of Texas suggested that it destroy its own 1,300,000-bale holdings first as an example to the South. Senator Caraway of Arkansas advised the Board to buy up half of the 1931 crop in return for a pledge that the South will plant no cotton in 1932. Within 48 hours the Board's "one-out-of-three" scheme...
...more wheat sales. Declared Mr. Campbell hopefully: "By use of the present laws and my suggestions the price of wheat on the farm can easily be doubled by Jan. 1." For cotton he would, if he were President, increase the Tariff on jute, thereby diverting 1,000,000 bales of low-grade cotton into the production of bale bagging. He opposed plowing under one-third of the crop (see col. 1) as "not good economics...