Word: cottons
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Dates: during 1930-1939
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...wins then or later, he will owe thanks to two friends of Franklin Roosevelt who refused to play their part in the Presidential purge: Mayor Burnet R. Maybank of Charleston, leading candidate for Governor, and South Carolina's junior Senator James ("Jimmy") Byrnes. They are fond of "Cotton Ed." and they know he cannot live forever. If he dies with his Senatorial boots on. Mr. Maybank may slip into them and Jimmy Byrnes (who, coming from Spartanburg, would be embarrassed if Spartanburg's Olin Johnston became South Carolina's other Senator) will be senior partner...
After three and a half years of the Six-Year Plan, more than 45% of Mexico's population is now officially listed as living on collective farms. The three largest centres for Cárdenas Collectivism are the vast La Laguna cotton districts, the wheat lands of Sonora, and the henequen region in the Yucatan Peninsula which used to lead the world in producing the raw materials for binder twine and rope. Read adjustment after land distribution was so violent that production of henequen fell off by half. During the weeks in which the Peninsula was being collectivized nobody...
...Worried about cotton and wheat surpluses, announced next year's crop-control program (see below...
...Furnished an object lesson to the cotton industry. AAA ordered bagging for 1,000,000 bales of cotton to be 'made of domestic cotton rather than imported jute -at no greater cost. Said AAA: If cotton bagging was used exclusively, 135,000 bales would be consumed yearly...
...July 31, carry-over of U. S. cotton was 11,656,000 bales, an almost three-fold increase over a year ago. Since U. S. cotton consumption and exports last year totaled 11,432,000 bales, only 556,000 more than the estimated 1938-39 crop, prospects for a sizable reduction of this tremendous carry-over are dim indeed. Last week, cotton prices tumbled to 8.20? a lb., making loans mandatory under the Agricultural Adjustment Act of 1938, and Secretary of Agriculture Wallace singled out cotton as "perhaps the most difficult single situation with which we are faced...