Word: corns
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Dates: during 1920-1929
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Political Revolt. The insurgent-farmer move in politics will undoubtedly be affected by the uptrend which wheat and corn prices have taken in recent weeks. September wheat went up to about $1.25 a bushel. The Department of Agriculture reports from 11 countries which last year produced 64% of the world's wheat, showed an estimate of 15% below last year's production. This, if it comes to pass, means improved prices. It means more money in the pockets of our farmers. It is a worse blow to the LaFollette ticket than any political maneuver which could be engineered...
...hardware store, a brokers' messenger boy, a trader in the grain pits and member of the Chicago Board of Trade, and a dirt farmer and cash grain merchant. Earlier in the year, in the belief that a natural bull market in grains was ahead, he bought corn options at 75 cents a bushel. Last May corn prices slumped badly and forced Cutten to buy heavily to sustain prices. But this proved a blessing in disguise, for bad weather injured the crop, and the scanty prospective supply rose in price in consequence. After predicting $1.00 corn, Cutten saw it sell...
...report of the Department of Agriculture on the July 1 condition of the crops explained the sensational rise in corn recently seen. The Government's estimate of the 1924 corn crop is 2,515,000,000 bushels-a drop of 531,000,000 from the 1923 corn crop of 3,046,000,000 bushels. Acreage this year in corn was 105,604,000, compared with 103,112,000 last year. Yet despite this increased area planted to corn, a relatively short crop is anticipated, owing to the condition of the 1924 crop, which on July 1 was only...
Incidentally, while the rise in corn prices at Chicago has been fundamentally due to basic economic conditions, its rapidity is reputed to be due to a large Chicago grain operator, Arthur W. Cutten. Before the poor condition of the current corn crop was apparent, there was a large "short interest" in corn, speculating for the decline. The lateness of the Spring season and the poor prospects of the corn crop, however, completely turned the tables. The visible supply is small, and Mr. Cutten and his associates are reported to control most of it. The unfortunate "shorts" are now paying through...
...taxes which have troubled him. Moreover, in this Presidential year, it presages well for the candidacy of Mr. Coolidge and badly for Mr. La Follette. The increased cheerfulness produced in the "wheat belt" by rising prices is now beginning to be rivaled by the optimism of the even longer "corn belt." Moreover, the rise comes at just the time of year when the farmer can most easily profit by it himself...