Word: cottons
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Dates: during 1930-1939
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...speaking thus last week at Tuskegee, Ala., Secretary of Agriculture Henry Wallace echoed the question which has sorely troubled the cotton-growing South ever since the equivocal demonstration of the Rust mechanical cotton picker fortnight ago: If the Rust machine is eventually a success, what will human cotton pickers do for work? Hardly were the words out of the Secretary's mouth when the antipodal question vexed cotton planters in the Mississippi Valley and all over the Southeast: What was this year's cotton crop going to do for human pickers? Though wages were the highest since...
...Clarksdale, Miss, and elsewhere in the Mississippi Delta, however, WPA projects were suspended as police lent a hand in the familiar practice of benevolently shanghaiing the jobless to the cotton fields in picking time. Those who refused to go were arrested for vagrancy...
...August means a big cut in the growing cotton crop. Worst August that anyone in Wall Street remembered was 1927 when the Government's Sept. 1 crop estimate fell a whopping 800,000 bales below its August estimate. Since the official estimates largely determine cotton prices there is big money in guessing right what the next estimate will be. Fortnight ago more than a dozen cotton brokers and experts began this guessing game. Most of them daringly went out on a limb, estimated a record drop of 500,000 to 700,000 bales below the Government's August...
Wires flashed the news around the world. For 15 minutes commission men in New York, cotton mill operators in New England and the South, spinners in Manchester, in Bombay and Osaka, caught their breath, figured furiously, sent cables. After 20 minutes when trading was resumed in Manhattan, brokers' hands were full of large and small orders from all over the world. Before noon anyone could have bought U. S. cotton for future delivery at about 11 ½ ? Ib. An hour later none could be had under 12?, a difference of $2.50 a bale...
Curious part of the decreased crop estimate was that in the Eastern half of the cotton belt, cotton prospects had improved during August to the tune of 264,000 bales. In the Western half cotton conditions had gone from bad to worse. In August Oklahoma had only one twenty-fifth of its normal rainfall. That cut 226,000 bales off its estimated production. Texas, which normally produces one out of every three bales, had less than half a normal August's rain. That cut off 814,000 bales. Other Western states accounted for the rest...