Word: baling
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Dates: during 1930-1939
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...resumed in Manhattan, brokers' hands were full of large and small orders from all over the world. Before noon anyone could have bought U. S. cotton for future delivery at about 11 ½ ? Ib. An hour later none could be had under 12?, a difference of $2.50 a bale...
...hour last week it picked 400 Ib.-as much as one average hand-picker could gather in four days. It does not injure the plants. But it does need a high-yield stand to do its best; the yield on the Stoneville farm was estimated close to a bale to the acre, whereas the national average is about one-third of a bale to the acre. The machine knocks some cotton to the ground, leaves some open bolls unpicked. It takes up more leaves and trash than Negro pickers...
...machine picked the first time over a row varied from 50% to 75%, the second time 80% to 95%. Estimates of how much the reduction in grade, caused by trash, leaves and possible stain, would lop off the grower's return ranged from $3 to $7 per bale. Frequently heard was the opinion that, even if the machine were practical on huge, flat, high-yield tracts, it would do poorly on small plots, on hilly ground, on low-yield acreage. Sample comment...
Anderson, Clayton & Co. grew rapidly, taking over gins, branches and business from the defunct firm with which Will Clayton got his start. The firm promoted the round bale (250 Ib.) of uniform consistency which requires only one man to handle it and particularly pleases foreign buyers who deplore the shabby wrapping of the rest of U. S. cotton. Today Anderson, Clayton operate traveling gins in sparsely-settled areas of Mexico, compresses to reduce the size of ordinary gin bales for overseas shipment, warehouses with a capacity of 2,000,000 bales, a barge line on the Ouachita, Mississippi and Warrior...
...acres. Though that was a gain over last year's unusually small acreage, it was still 26% below the old-time average. Meantime world cotton consumption has climbed to new records, and further reductions are expected in the U. S. carry-over of 7,000,000 bales, last of the U. S. Depression surpluses. About half of this carry-over is controlled by the Government. But the Government did get out of the futures market last week for the first time since 1929, when Herbert Hoover's Farm Board first plunged headlong into the private cotton business. Reports...