Word: cottons
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Dates: during 1950-1959
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Ezra Taft Benson called newsmen to his office one afternoon last week, happily shook hands all around, then leaned back in his leather chair and made an announcement: on Aug. 1 the Department of Agriculture will commence selling its 7,000,000-odd bales of surplus cotton at competitive world prices...
Last week the horror of the Black Hole was re-enacted in the newly independent Sudan when some 300 rioting Sudanese farmers on strike at a cotton project on the White Nile were rounded up by police and locked in a room at the new army barracks at Kosti only 65 ft. long and 23 ft. wide. "There were more than 300 of us in that prison room," said one who escaped at last. "We were all tired from the police chase and sick from standing too long under the sun. The room we were put in had only...
Distinguished Prisoners. Aristocratic Pedro Beltran, businessman, cotton planter, publisher, and onetime Ambassador to Washington, paid the bills for Odria's successful 1948 revolution, but soon broke with Odria. Lately, Beltran has been booming a wealthy fellow businessman, Pedro Rosello, as an anti-government candidate in elections set for June. Beltran's newspaper La Prensa has loudly accused Odria of plotting to steal the elections for a hand-picked successor. To the dictator, this charge was suggestively reflected in Merino's manifesto. Cops raided and closed La Prensa. They arrested Beltran, Rosello, scores of others...
...rise, forecasting further price drops for farmers, was caused largely by the Agriculture Department's price-support operations on other fronts. In the years 1953-55, some 29 million acres were taken out of wheat and cotton production under the crop quota program. But on 17 million acres farmers started growing feed grains. This and the large corn crops pushed down the price of feed, thus encouraged farmers to raise cattle faster than the demand called for. To add to the trouble, pig production, which normally does not move up with cattle production, also increased. As a result...
...Kubitschek's prescription is largely designed to remedy Brazil's foreign-exchange shortage, which ranks with inflation as the nation's most serious economic malady. Even with imports curbed by government controls, Brazil runs up exchange deficits. The two main exports, coffee and cotton, are subject to price tremors. About half of Brazil's export earnings go for debt service, ocean freight, oil and wheat; what is left for machinery, raw materials and all other imports amounts to some $700 million a year-about $12 per Brazilian. The shortage of foreign exchange stunts economic growth...