Word: cottone
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Dates: during 1940-1949
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...World Freedom. State's arguments for its program were not wholly idealistic. State could show that the U.S. economy depends upon its exports, that more than half of all the South's cotton, for example, is sold abroad. State argued that prosperity at home follows the curve of U.S. exports. The 1934 Act started the curve upwards. Between 1934 and 1939, exports to reciprocating nations rose 62.8%; exports to nonreciprocating nations rose only...
...Objectors. Clayton, who made a fortune in cotton, stood on that line with a crusader's fervor. But the line was being assaulted. Washington, last week, heard the first sharp words of a bitter fight which could tear the so-called "unpartisan" U.S. foreign policy apart. The attack came chiefly from Republican Congressmen...
...Orleans last week, cotton brokers were stirred by news of the biggest single transaction since Speculator Tom Jordan dumped his huge futures holdings (TIME, Oct. 28). In a spot cash deal, a 73-year-old Arkansas farmer and cotton trader, C. R. McKennon, sold his entire holdings of 6,319 bales for close...
...knew how he had accumulated so much cotton, nor would McKennon say. But he took pride in showing the folks back in Dumas, Ark. (pop. 2,315) that he had made good. McKennon never got beyond the fourth grade, where he grew so much bigger than the other boys that his family finally took him out so he "wouldn't be a-disgracing 'em." Before he left, he won a spelling bee, a triumph as sweet then as his cotton deal was last week. Said he proudly: "I sure showed 'em where the bear...
...Cotton, already down $35 a bale from its postwar peak, dropped as much as $7 more (from 32.86? a pound to 31.45?). Amid the growing abundance of dairy products, wholesale butter fell as much as 7 ½? a pound in one day. In the New York area, the price of milk was reduced 44? a hundredweight by the Department of Agriculture, about a cent a quart, and pegged there to keep it from going lower...