Word: flues
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...enterprising souls ready to form the nucleus of other cooperatives. The trick is merely to eliminate the middleman. By renting a house for the whole year--and a lavish one goes for as low as $1,200 students can blow the usual landlord profits up the flue and cut their own costs by .50 per cent...
...leaf of flue-cured tobacco has sold this week in all North or South Carolina. Nor last week. Nor the week before. Tens of thousands of Carolina farmers could get no ready money. It was like the Midwest in drought time. Banks could not collect fertilizer loans or mortgage payments. Storekeepers were passing out pints of kerosene on credit...
When the crop came to market late this summer, prices staggered "under the surplus. By September 8, farmers were in a funk; the bellowing auctioneers were knocking down the tobacco at 14½?. Then Britain's big Imperial Tobacco Co., which normally buys a third of the flue-cured crop, stepped out of the market. For one more week the farmers hung on and watched their crops going at ever lower prices. When prices broke through 11? (half of last year's price), they desperately closed the markets...
Growers of dark and burley tobacco, 240,000 strong, last week voted on AAA's proposal to impose compulsory marketing quotas on their crops for 1939. Result: 61.2% Yes for burley, 60.5% Yes for dark, both short of the two-thirds approval necessary for the quota. Since flue-cured tobacco growers and rice farmers turned down quotas last fortnight and cotton is the only major crop that has yet accepted one, for the next crop year AAA's score is one "victory," four "defeats." Result: an increase in the already flourishing crop of pre-Congress AAAttacks, AAAlibis (TIME...
Concretely, the election changed the farm picture only for flue-cured tobacco.* By voting No, tobaccomen rejected Secretary Wallace's offer to fix a rigid quota for each seller, levy a penalty of one half the market price for excess sales. By voting No, they also ruled out loans on whatever portion of their 1939 crop they may keep off the market. Unaffected by the Election was the "voluntary" half of the farm program-acreage restriction which growers of all three crops make in return for soil conservation payments and other cash benefits...