Word: glutting
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...every publisher knows or thinks he knows, books sell poorly in the summertime, so new books are held off the market until Labor Day, then dumped into bookstores in a glut. This sales philosophy is at least debatable-e.g., with close to 900 titles scheduled for publication in September alone, a good many are bound to be overlooked by readers. But the first fall outpourings do show what authors have been up to, and this week's list contains something for everybody. A sampling...
...this is being added to growing surpluses piled up from previous years. One reason for the wheat pile-up is the slump in exports, down 94 million bu. (or about 37%) in 1953's first half. Corn, the nation's biggest crop, is also heading for a glut. By October, stocks are expected to reach 4.1 billion bu., largest in U.S. history. Acreage allotments for corn are inescapable...
...into the golden, knee-high fields of South Dakota. Although some areas were hurt by drought, the yield was generally good. But every bushel that came tumbling out of a combine's spout added to a critical farm problem. U.S. wheat bins are bursting with the greatest glut in history. When all this year's crop is in, the total supply is expected to be 1.7 billion bushels, more than 50% above normal...
...factor in the wheat glut is a sharp drop in the export market. U.S. exports of all farm products this year are running 30% under last year. Chief reason: the tremendous shortages created by World War II have largely abated. This returns the U.S. to the familiar situation where protection for its own producers, including some farmers, keeps other nations from earning enough dollars to buy U.S. products...
...lead to more support and/or quota restrictions on production. Because of falling prices and the demands of dairy farmers, Benson continued dairy price supports at 90% of parity. As a result of the drought in the Southwest, he moved in to hold up the cattle market. To prevent a glut in cotton, he will almost certainly have to set acreage and marketing controls on the 1954 crop...