Word: crop
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Dates: during 1920-1929
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Faced by advancing Nationalist Armies, lacking the allies he had counted on, stalwart, crop-headed "Christian" General Feng Yu-Hsiang realized dismally last week the inopportuneness with which he had declared war on the Nationalist Government (TIME, June...
...since the War. In recent years dollar wheat has been an ebbtide mark, a symptom of a demoralized market, a text for sermons on overproduction and the farmer. But last week dollar wheat would have been good news: 90? wheat seemed to be the new low level for which crop prices were heading...
Simple enough was the explanation-"too much wheat." About 350 million bushels have been carried over from last year's harvest. The winter wheat crop has begun to come in, is estimated from 625 to 650 million bushels...
...revolving fund to help out the wheat market. As wheat closed last week at 98, and as it costs about $1.23 to raise a bushel, it was difficult to see how much lasting good $100,000,000 would do in an 880 million bushel crop. Traders, however, did not pause to work out the economics of the situation. The fact that help was coming was sufficient. Furthermore, the market had been oversold, and prices forced below their natural level were ready to rebound violently at the first good news...
...bill's principal author, Chairman Hawley of the Ways & Means Committee, gave a three-hour lecture on its meaning. His chief points were: 1) tariff protection means Prosperity; 2) rates on basic commodities (beef, butter, wheat, wool, etc.) were first fixed, then related products were adjusted therefrom; 3) minor crops were given special protection to induce farmers now producing surplus cereals to turn to them as crop variants; 4) "apparent changes greatly exceed actual changes" in the bill; 5) "We should be self-sustaining and self-sufficient...