Word: gluttingly
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Dates: during 1940-1949
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Corn in the Crib. Hard-working Farmer Barbour's only worry was a glut that might force prices down. In Vincennes, they had quit picking peaches because they could not find a market. Other farmers across the U.S. had also become apprehensive of plenty. In California, pears and early Gravenstein apples went to waste. In Iowa, many a farmer's cribs were still crammed with last year's record crop of corn. This year's crop was nearly...
...emergency had been adjusted elsewhere. As farmers out in the wheat belt already knew, the long-heralded "glut" of wheat simply had not materialized. The harvest was all but over in Texas, Oklahoma and the big Kansas "breadbasket," and it had turned out from 20% to 40% smaller than the Government's June estimates. Said one surprised Kansas farmer: "I've got the finest 40-bushel straw and the poorest 10-bushel wheat you ever saw." Reasons for the dwindling crop: long, unseasonal rains, in some cases hail, and plant diseases like stem rust and glume blotch...
...nightmarish prospect bestrode the dreams of all grain men, of the harassed Commodity Credit Corp., and of Congressmen who were frightened of the political repercussions of a wheat glut. The CCC, which now owns most of the old crops still on hand, had been doing its best to move it out of storage and to the Gulf ports in the hope of increasing export. But there was a limit on how fast it could be moved. This week, the Association of American Railroads, unwilling to let its cars get tied up with orphan wheat, embargoed all shipments which...
...million loss in the first quarter). They were once more offering bigger trade-in allowances than they could get for the used cars. By summer's end, some of 1949's new cars would be showing up on used-car lots, to add to the glut. Both new-and used-car dealers would probably have to cut their prices still more...
With angry U.S. farmers breathing hotly on its neck, the Administration was desperately trying to find a way of dealing with the glut. Congressmen considered several bills providing for the Government to take over-or build-more storage space. Secretary Brannan mulled the possibility of listing wheat officially as surplus. That would force EGA, which recently approved the purchase of 140 million bushels of Canadian wheat for Britain at lower than U.S. prices, to buy all its grains at home. EGA could ship more grain to Europe, since it could now buy more with the funds allotted. The Department...