Word: corning
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Dates: during 1930-1939
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...read the statement, chuckled, said "No comment." Newshawks began checking, soon learned that "Cactus Jack" quit high-stake poker about 1920, has since played seldom and then for "buttons."* All top-rank correspondents know John Garner's drinking habits. He likes bonded rye, will occasionally go for good corn, scorns soda, ice and fancy fixings, pours water-tumblers half-full, says "Let's strike a blow for liberty" and chases with a little "branch-water" out of the faucet. He has never been seen drunk or even lightly groggy. After 6 p. m. for some 15 years...
Soon after Henry Wallace tackled the farm problem in 1933 with AAA, the God of Drought came to his aid. Drought as well as subsidy and legal restriction reduced wheat surpluses, corn surpluses, even cotton surpluses. But three years ago Drought began to withdraw its assistance. This year Drought turned its attention (selectively) to the Northeastern States: May was bone dry and July was desert (until rains came last week) and both did plenty of damage to truck and fruit crops. But eastern Drought did not reduce the crops that are Mr. Wallace's big problems...
...third year in succession he has a major surplus to fight. Last year wheat was the most acute headache, year before it was cotton, this year corn. This week he had to face the music. On August 1 came due the loans of 57? a bushel which he made to farmers who put under seal part of their last year's crop...
Last January Midwestern farmers were hoarding corn, holding out for higher prices. Last week, the price was down to 40?, the lowest in six years, and no one wanted any of it. This year's crop is huge (estimated 2,550,000,000 bu.). Besides, there is an approximated carry-over of 550,000,000 bu. This, added to the new crop, comes to over 3,100,000,000 bu., 350,000,000 bu. over the five-year average of "normalcy...
Last week, wheat sold at Liverpool for less than at any time on record, July corn sold at Chicago for less than at any time in six years, October cotton was quoted at New York for 1½? less than the week before. The auto industry was in its summer stagnation period. And out from under U. S. business was knocked 1939's firmest prop: building's spurt to new monthly highs. The Annalist reported that building-earlier in the year up some 70% from the 1938 low (adjusted seasonally), and almost 25% from the 1937 high...