Word: droughts
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...drought in the valleys of the Ohio, Potomac and lower Mississippi ceased to be front page news as soon as President Hoover had held his White House conferences and told the States affected how to set up relief machinery without U. S. Treasury aid (TIME, Aug. 18). The mild public hysteria that had marked official action and pronouncements subsided. But still little or no rain fell over the blighted areas of Arkansas, Indiana, Illinois, Kansas, Kentucky, Maryland, Missouri, Ohio, Tennessee, Virginia and West Virginia. Last week as the drought passed into its fifth month Government officials took fresh stock...
Weather. Despite scattered showers August failed to produce sufficient rainfall to break the drought as it did in 1901. Weather Bureau statistics indicated that the 1930 drought in duration and area was worse than the record-breaker of 29 years...
Corn. Five-year average U. S. corn production: 2,700,000,000 bu. For July 1 the Department of Agriculture estimated the U. S. crop at 2,800,000,000 bu. A month later the drought had reduced this estimate to 2,200,000,000 bu. This week the Department prepared to issue its Sept. 1 estimates. Private estimators figured that the crop will then show about 1,950,000,000 bu. Declared Secretary Hyde last week: "As prospects have declined markedly since Aug. 1, the total deficit at this time (Sept. 1) is no doubt considerably larger." Secretary Hyde...
Farm Incomes. The drought, economists agreed, will reduce individual incomes among husbandmen whose crops had been burned out, possibly produce severe hardship in large areas, but will proportionately benefit others who will get higher prices for their produce as a result of shortages. From the perspective of New York and Chicago, the 1930 farm income, while geographically uneven, appeared likely to average about the same as in previous years. At Des Moines fortnight ago Chairman Alexander Legge of the Federal Farm Board declared...
...Texas Corp., American Smelting & Refining Co., Utilities Power & Light Corp. "Active issues" were Standard Oil Co. of New Jersey, Electric Power & Light Corp., E. I. du Pont de Nemours & Co. Inc., United Corp., United States Steel Corp., General Electric Co. In discussing present conditions, the Babson report said the drought had been one reason clients have been kept out of stocks since November. Apparently misconstruing the meaning, Barren's (Dow-Jones weekly) decried this prophet who foresaw drought months ahead, wondered why he did not have the power to prevent it as well. While Roger Ward Babson...