Word: corning
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Dates: during 1930-1939
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...farm problem is one of the New Deal's gravest. U. S. surpluses of corn and wheat would vanish like magic at ever rising prices. Greatest of all present economic problems is unemployment. During a prolonged war the problem would be to find not jobs but men-WPA would become a fantastic memory of an archaic era. The political as well as the economic problems of U. S. life would be entirely different...
...Pont, Monsanto, Union Carbide, General Electric, General Motors, Corn Products, American Can, International Nickel, Standard Oil of New Jersey, Texas Corp., National Steel, Liggett & Myers "B," Reynolds Tobacco "B," U. S. Tobacco, American Telephone, Consolidated Edison, Public Service of New Jersey, Eastman Kodak, International Harvester, Procter & Gamble, Sherwin-Williams, Union Tank Car, American Chicle, Beech-Nut, General Foods, J. C. Penney, Sears-Roebuck, Commercial Credit, Commercial Investment Trust, Household Finance, International Business Machines, Allied Chemical, New Jersey Zinc, Homestake, Phelps Dodge, Bristol-Myers...
...With corn at 40?, farmers who had borrowed 57? a bushel on 257,000,000 bu. started to unload about 100,000,000 bu. on Commodity Credit Corp. Hurriedly Secretary Wallace bought steel bins to hold 50,000,000 bu., hoped this would prop up the sorry corn market...
Irony of the Secretary's trouble is that most of it comes of his having struggled so long with the farm problem. Former farm editor, mathematician, agriobiologist, he spent 15 years before becoming Secretary of Agriculture in developing hybrid seed corn (through Pioneer Hi-Bred Seed Co., originally the Wallace family's), which increases yields 10 to 20%. In corn-growing Iowa, 79% of this year's acreage was planted with yield-increasing seed. Lately Henry Wallace on his daily walk to his office in Washington has taken to stopping in Washington Monument grounds to practice with...
Wheat and cotton are cash crops. Not so, corn. Nearly nine out of ten bushels are used to feed hogs and livestock. The lower the price, the more feed for hogs; the more hogs, the lower the price of pork. With corn at 40? there should be many pigs in 1940. If next spring's pig crop reaches 80,000,000 little grunters, pigs and pork prices will nosedive, and Washington will have still another quota on its hands...