Word: baling
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Dates: during 1950-1959
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Bushel by bushel, bale by bale, the U.S. has succeeded in cutting down its embarrassing surplus of farm products by $2.9 billion since 1954 (still leaving more than $8 billion), the White House reported last week to Congress. Of that amount, $1.2 billion in surplus food, tobacco and cotton was either sold, bartered (for precious minerals and other materials), or given outright to the needy during the first six months of 1956. Overall, the U.S. lost money in the disposal, from 1) a $1.3 billion deficit on the actual sales and donations, 2) the exchange of surpluses for foreign currency...
...rugged course took a toll of men and machines even before the race. A tiny (1.1-liter) Lotus bounced off a hay bale in a practice run and cartwheeled out of a sharp left turn. Its driver escaped uninjured. The oversize (4.4-liter) Ferrari belonging to Chicago's Jim Kimberly threw its flywheel...
COTTON-CROP SUPPORTS will drop below 90% of parity next year (probably to 80%) for the first time in 13 years. With an 8,000,000-bale store already in Government hands and a bumper 14,663,000-bale crop moving into the glutted market, farmers voted 13-to-1 for 1956 crop quotas to make the best of a poor bargain...
Phrenology appealed to the optimism and confidence of 19th century man, just as psychoanalytical theory appeals to today's pessimism and fear. In this disquieting account of the rise and fall of phrenological "science," Author John D. Davis, onetime professor of history at Smith, has embedded a bale of fun among his footnotes. It is humbling stuff. If today's Pundit Walter Lippmann may be heard announcing Freud as "among the greatest who have contributed to thought," not so long ago President Garfield was having his "head read" and Walt Whitman was proudly reciting a poet...
...cotton prices, which suffered one of their deepest postwar price slumps (as much as $10 a bale) in the futures market a fortnight ago, took another blow last week. The cause: an estimate by the U.S. Department of Agriculture that, despite a 14% acreage cut ordered this year to shore up prices, the 1955 cotton crop will be 2% bigger than 1954's 13,696,000 bales. Good weather, increased use of fertilizer and close planting had boosted productivity; the average acre, by the department's estimate, would yield a "fantastic" 405 lbs. v. 341 last year...