Word: corning
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Dates: during 1930-1939
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...Perhaps you could get a Government check to apply on your margin account by having Mr. Wallace kill a few of your pigs or plow under some of your corn...
...Oklahoma, with only 23% of normal July rainfall, countless fires licked their way through forests and across prairies. It was officially estimated that the water supply necessary to keep 100,000 head of cattle alive would be exhausted in two weeks. On July 1 Oklahoma's corn crop was estimated at 15,000,000 bu. A week later it was estimated at 10,000,000 bu. Last week there were no official estimates, but few persons expected the crop to reach...
...Texas the corn crop was estimated at less than one-fourth of normal. Carloads of cattle too emaciated for slaughter were shipped to Mississippi, Tennessee, Georgia for fattening. Other thousands were slaughtered for canning, but neither of these methods could take care of the numbers laid low by the drought. Cowboys rode out on the ranges, began shooting down starved animals at the rate of 1,000 head...
...biscuits, brake shoes, dynamos, table salt, telephones, bottle glass, gum and gas machines reported their profits and losses for the first half of 1934. A majority had done better in the second quarter than in the first. Of 19 big corporations only four, A. T. & T., Wrigley. National Biscuit, Corn Products, earned less than they had in the first six months of 1933. Five others jumped into the black, against losses last year: four already in the black doubled or nearly doubled their earnings; the rest showed moderate improvement&151:all reflecting the mixed conditions of general business...
...price paid for corn normally represents 60% of the production costs of Corn Products Refining Co. (corn starch, Karo corn syrup. Mazola oil, corn derivatives). With 1934 corn prices substantially higher than last year's, it reported half-year profits of only $4,402,000 against $5,188,000 for the first half...