Word: corn
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Dates: during 1940-1949
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...search for the devil responsible for soaring food prices, the hunt turned last week to Chicago's grain pits. As corn for future delivery rose to $2.63¼ a bushel, an alltime high, and wheat soared to $2.87, Vermont's Senator Ralph E. Flanders, ex-president of Boston's Federal Reserve Bank, thought he had spotted the devil. It was Speculation. "The situation today in the commodity markets is comparable to that in the stockmarket in 1929," said he, "and it could have the same disastrous results." He demanded that trading on margin be eliminated and that...
...worst news of all was that the U.S., which had had ten years of good crops, and which is the largest single supplier, this year had to record a failure. It had been a bumper year again for wheat, but the corn crop had withered. The total supplies of U.S. cereals, as estimated last week, were 14,400,000 tons under 1946, which was almost exactly the amount the U.S. had exported to needy nations...
...Midwest's farmers, whose corn crop is dangerously late because spring floods delayed planting, the Chicago Tribune noted a portent of disaster. Despite the heat, the purple martins had left for the South ahead of schedule-a sure sign of early frost...
HOUSE DIVIDED (1514 pp.)-Ben Ames Williams-Houghton Mifflin ($5). Ben Ames Williams made his reputation as a writer of brawny short stories, many of which appeared in the Saturday Evening Post. Like good hybrid corn, his yield has increased until it has overflowed into novels-novels that get bigger as Williams gets deeper into the American past. In Thread of Scarlet, he covered Nantucket Island during the War of 1812, in a mere 374 pages. Come Spring, a Revolutionary War novel, ran to 866 pages. His latest, House Divided, sprawls over fifteen hundred pages and four years of Confederate...
...Corn Casualties. Hot weather in August shriveled corn crop prospects by another 223 million bushels. The Department of Agriculture put the total 1947 yield at 2,437 million bushels, the lowest since 1936. As a result, meat supplies will probably be sharply reduced next year, meat prices sharply raised...