Word: bumpers
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...coffee expensive enough to suit Brazilian growers is to burn it in big, grey-green mounds. Since 1931 Brazil's National Coffee Department has sent $250,000,000 worth of Brazil's chief crop up in smoke. Last week the Department, estimating that the year's bumper crop of 26,000,000 sacks (132.2 Ib. apiece) would leave a 10,000,000-sack surplus to add to the accumulation already on hand, announced that this year it would buy 70% of the crop to burn. Daily burning quota will go up from...
While war talk is a stockmarket depressive it is always a shot in the arm for the grain market. As the bumper U. S. wheat harvest rolled north last week, the red cereal soared to a high of $1.26½ per bu. on the Chicago Board of Trade, registered a net gain of 10? for the week. Even more important than war talk was the disastrous failure of the wheat crop in Canada, where drought & rust in the past few weeks have cut 150,000,000 bu. off early estimates of the Dominion's harvest...
...London and owned a model farm in Surrey on which he raised 600 thoroughbred pigs even fatter and greasier than their owner. In 1935 "Pepper King" Bishirgian joined with his friend "Tin King" John Henry Charles Ernest Howeson in an attempt to corner the pepper market. When a bumper crop threatened their corner, they resorted to a fraudulent stock issue which brought several old commodity firms to bankruptcy, cost the public many a million, landed Kings Bishirgian & Howeson in jail and London's pepper market in thorough disrepute (TIME, Feb. 18, 1935 & March 2, 1936). This scandal combined last...
...Washington last week President Roosevelt remarked at a press conference that he hoped for quick action in Congress on Secretary Wallace's cherished "Joseph" plan for insuring farmers against lean years by storing away part of each bumper crop (TIME, March 1). The President spoke day after the Federal Crop Reporting Board, having added up June 1 data from 40,000 farmers and field agents, released its estimates of the principal U. S. crops for 1937.* Most accurate to be had, the figures seemed to suggest that a cycle two years shorter than the Biblical one had entered...
...with other prices, certain farm commodities excepted. Even among them the readjustment was proceeding apace, with wheat down from $1.45 to $1.23 per bu., corn from $1.35 to $1.27 per bu., cotton from 14½? to 12½? per lb. Yet farm prospects are the best in years. With bumper crops expected, prices could drop much more and still leave farmers with the biggest income since Depression. Out last week was a U. S. crop estimate for winter wheat of 654,000,000 bu., biggest since 1931. Spring wheat, just sown, may yield another 240,000,000 bu., giving...