Word: baling
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Wheat prices rose 3? to 5? a bushel last week to the highest level since May 1940; corn rose ⅜? to 1? to new peaks since August 1938; and cotton rose 67 to 74 points ($3.35 to $3.70 a bale) to four-year highs. The double-headed reason: The House passed the Fulmer Bill making crop loans of 75% of parity prices* mandatory, and the Senate Agricultural Committee unanimously approved 85% loans. The existing law gives the Secretary of Agriculture discretion between 52% and 75% of parity, and present loans were made on the basis of what...
Although not noted for their high salaries, Transcript employes enjoyed the security of Civil Service employes. Once every 50 years the Transcript treated employes to a banquet. One of the co-owners, Henry D. Eustis, drove to work for years in a limousine, donned overalls to bale waste paper in the pressroom...
...refugees from the collapse of world trade, ex-King Cotton has had the hardest time making his own living. Last week the New York Cotton Exchange figured that by this season's end (July), the world surplus would be nearly 25,000,000 bales-4,316,000 bales more than last year's surplus and a new all-time record. As usual, the lion's share of the surplus belonged to the U. S., No. 1 would-be exporter. In U. S. warehouses now are nearly 11,000,000 bales without a market. Awash with surpluses...
...choice has now been made. He reminded his audience that the decline of the U. S. farmers' export market long antedates Hitler: it began when the rest of the world began to grow corn, wheat & cotton of its own. Said the new Secretary: "There are two bales of cotton in the world today for every bale that will probably be used in the current marketing year. . . . That is one reason why I say we need agricultural adjustment and not just [crop] reduction...
Both Agriculture and the Cotton Textile Institute have long sought new uses for cotton. To their promotional efforts (rather than to defense, which accounted directly for only 300,000 bales) were due last year's record 8,000,000-bale domestic market. But Secretary Wickard looked beyond the laboratory for his "agricultural adjustment." It involved the New Deal's No. 1 pre-defense friend: the ill-clad, ill-housed "third of a nation...