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...farming weather has been so perfect this spring that even green telephone poles around Franklin. Neb., last week sprouted leafy branches. A more alarming manifestation of fertility are bumper crops impending in almost every State. With farm prices already 20% under last year, not since 1932 has the outlook for the U. S. farmer seemed more ominous. Hence, when Washington newshawks waited one afternoon last week for the Department of Agriculture's definitive June 1 estimate of 1938 crops, commodity exchanges all over the U. S. were jittery. The figures that correspondents relayed to their home offices were...

Author: /time Magazine | Title: Business: Crop Crisis | 6/20/1938 | See Source »

...other U. S. cotton growers are expecting their second biggest crop in five years. Estimates have placed the total yield at 13,000,000 bales, compared to 12,400,000 in 1936, 10,630,000 in 1935. With a carryover of 14,000,000 bales from last year, this bumper crop can mean but one thing-low prices. In 1936, average price for cotton was 12.3? a bale; in 1935, 11.1?. Last week the spot price of cotton in New Orleans tumbled to 7.88?, lowest it has ever been in terms of the pre-New Deal gold dollar...

Author: /time Magazine | Title: Business: Peg Problem | 6/13/1938 | See Source »

...almost as well during Depression as during prosperity-$70,969,589 in nine years between 1920 and 1929, $60,261,527 in eight years since 1929. Chicago did better, with $30,650,030 before 1929, $48,604,771 afterward. Yale, which started an endowment drive in 1926, reaped a bumper harvest in Depression's soil. In the 1920s it raised $64,199,898, in the 1930s...

Author: /time Magazine | Title: Education: Good & Bad Times | 4/11/1938 | See Source »

...better off except for the cattle ranching States of Wyoming and Colorado, the mining areas of northern Arizona & New Mexico. Purely agricultural regions so far have felt the pinch very little. In Nebraska and Iowa trade was off a mere 1.8%. Farm prices have fallen somewhat, but with bumper crops to market farm income has held steady. In neighboring Kansas and Missouri trade was off about 8% because depression in Kansas City and St. Louis counterbalanced country buying. In Texas and lower Arizona and New Mexico, the stability provided by bumper 9? cotton crops is notably enhanced...

Author: /time Magazine | Title: Business: Where & Why | 4/11/1938 | See Source »

...young Californian named Carl Schmidt discovered the Fuerte in the patio of Señor Alejandro LeBlanc in Atlixco, Mexico. He sent a few buds back home, the middle classes of the U. S. began to hanker after avocados, and in 1934-35 there was a bumper crop of 20,000,000 pounds which brought in $600,000 to California avocado growers. But last year there was another Big Freeze, which went hard with avocados. Ordinarily, the avocado harvest lasts through the summer, but by last week this season's harvest was over...

Author: /time Magazine | Title: Business: The Sturdy Avocado | 4/11/1938 | See Source »

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