Word: corn
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Dates: during 1940-1949
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...Less canned tomatoes, corn and peas (No. 2 cans are up two points...
Chester Davis quickly requisitioned for the refineries, at the ceiling price, the corn now stored in 96 Midwestern elevators (estimated stock: 12 million bushels). But even this drastic maneuver would not tide the plants over more than two or three weeks...
...corn refinery which shut its doors is in Clinton, la., in the heart of the U.S. corn belt, where bins and elevators bulge with last year's crop...
...other refineries had shut down within the week: the Pekin, Ill. plant of Corn Products Refining Co. (world's second largest) and the American Maize Products factory at Roby, Ind. These shutdowns were serious business: corn products are a staple of war (munitions, alcohol), as well as in civilian life. The refineries closed because, in effect, the U.S. corn growers were on strike: they didn't want to sell their corn at the $1.07 ceiling price, when they could make a better profit feeding the corn to hogs (or selling it to hog growers via the black market...
...Dewey, talking to newsmen, stuck to his declaration of last November that he would not be a candidate. And he risked alienating corn-country support when he urged Midwestern farmers to reduce their pig population so that they could send feed to the East, thus avert an Eastern milk famine. At this point, many a newsman decided that Tom Dewey really was not seeking the nomination. Others thought he merely reflected the belief of most patriotic citizens that a quick solution of wartime problems is more important than political ambition...