Word: corning
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Dates: during 1930-1939
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Trot, trot, trot. The moccasined feet of lean brown men covered ground. For 73 hours on end, for 450 miles, a dozen Tuscaroras and two Senecas jogged in relays carrying a little chamois bag holding three white grains of corn. From Fort Niagara, N. Y. to Washington, D. C., at hour intervals runner took the bag from runner, while 13 others followed in a motor bus, waited their turns...
...that the leading trading medium is October eggs, which were all laid in March, April and May?before the drought seriously affected production. There are 9,000,000 cases of eggs in storage which is only 500,000 cases less than a year ago. However, the advancing price of corn is almost sure to make the autumn and winter egg crop small,?a thought which has boosted October futures from 19¢ per doz. to 22¢ in the last few weeks...
...world's markets that Mr. Callander's Board had confirmed the worst fears for U. S. Agriculture. The wheat fields were not quite so bare as private observers had calculated (TIME, Aug 6). But cotton-land had shrunk below the gloomiest private guesses. And the misadventures of corn were a sensation. In a month, 500,000,000 bu. of corn had disappeared from U. S. fields and the 1934 harvest was officially estimated as 1,600,000,000 bu. as against 2,300,000,000 bu. last year. The price of corn jumped quickly to 88?...
...Corn into Meat. Most U. S. corn is fed to hogs, steers, chickens. Thus when corn soars so does pork, lard, eggs, beef. Fat corn-fed steers have risen in the past fortnight from a $8.50 per cwt. to $9.50. Top price for hogs last week was $5.60, best level in three years. Meanwhile, however, the stock yards have been overrun with gaunt, stumbling beasts which stricken farmers can no longer feed, and this is why the price of ordinary meat-on-the-hoof has gained little. Government purchases of relief cattle may run as high...
...Corn-into-Eggs. Butter and eggs have almost no zoological connection but their economic and social connection is close and traditional. The statistical position of butter has improved. There are only 800,000 tubs of butter in storage in leading markets as against 1,100,000 tubs year ago. At 27¼¢ per Ib. butter was up 1¢ for two weeks?and famed Speculator Jesse Livermore was thought to be in the butter tubs...