Word: crops
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Dates: during 1930-1939
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...Crop Control. The second Agricultural Adjustment Act, on the President's calendar for the special session but not passed until February, gave the Secretary of Agriculture full power to control crop marketing by voluntary co-operation if possible, by compulsion if necessary (TIME...
...stocks are so depleted that extensive buying must be renewed, forcing prices to turn upward. Last week, Standard Statistics saw no sign of U. S. business reaching this fundamental crossroad in the immediate future. Neither did Colonel Leonard Porter Ayres in his monthly sound-off. True, solid gains in crop prices on the report of bad weather and rust jumped Moody's commodity index to 136 last week. But a 25? drop brought the listed price of steel scrap to $10.75 a ton, positive proof that the key industry of steel had no immediate upsurge ahead. And the stock...
...grain futures. Under the Commodity Exchange Act this right is given to a Commodity Exchange Commission consisting of the Secretaries of Agriculture and Commerce and the Attorney General. The Secretary of Agriculture is chief and has under his direction the Commodity Exchange Administration, now headed by a heavy-set crop technologist of Swiss descent, Dr. Joseph William Tell Duvel, who has been with the Department of Agriculture off and on since 1902. Last week Dr. Duvel submitted the CEA's proposals for speculative limits. Thereupon, Secretary of Agriculture Henry Wallace announced that to prevent undue price fluctuation from speculation...
Cotton. Although U. S. cotton growers planted only 28,000,000 acres this year, compared with 34,000,000 in 1937, they are expected to harvest a bumper crop of some 13,000,000 bales and already have a carryover of nearly that much. Last fortnight cotton prices slumped to all-time lows, since then have partially recovered- mainly on rumors of crop-damage from heavy rains in the cotton belt, minor floods in the dust bowl. Last week, spot cotton in New Orleans sold for 8.34? a lb. above the price the week before, but well below...
...corn harvest (2,644,995,000 bu.), mid-western farmers were asked to plant 18% fewer acres. Many ignored the request. It is estimated that by fall, last year's surplus will total 300,000,000 bu., 30% above normal. This fact plus prospects of an average 1938 crop last week dropped futures prices on the Chicago Exchange to 57? a bu., 60? below last year, and prompted Administrator Howard Ross Tolley to predict that a Federal corn loan will be necessary this fall...