Word: grains
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Dates: during 1920-1929
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Soviet reports of drought and dry winds following a late spring sowing have again come out of the Volga grain belt. The peasants are said to be worrying not only for their grain but for their potatoes. During the War and the subsequent Revolution when all else failed there were still potatoes to dull hunger-boiled and eaten with the skins...
...last week by the Council of People's Comissars at Moscow to retain bread cards and the existing bread prices for at least another year. Under the present rationing system, in existence for more than six months, inhabitants of Russia's larger cities, even those of the grain districts, are allowed but one pound of bread -in some cases only three-quarters of a pound-per person...
...second important task of the new board will be to help organize and finance special stabilization corporations among farmers to purchase surplus farm products from glutted seasonal markets and hold them in storage pending better prices. In the past such large-scale grain corporations on private capital and under private control have failed. It remains to be seen whether federal cash and supervision can make them successful. Critics of the new farm relief legislation predict that the Federal Farm Board will loan large sums to such corporations which in turn will buy in surplus commodities on a falling price market...
...Gates derived his nickname from rumors that million-dollar stakes were reached at his "ambling sessions in Manhattan's late Waldorf- Astoria hotel. He bet on anything, gambled in stocks, grain and cotton by day, at poker and faro by night. Starting as a farmer boy, he made and lost several seven-figure fortunes before he was 40. John Pierpont Morgan considered him unsafe as U. S. Steel Corp. director. On a visit to St. Charles he once gave a boyhood friend a $25,000 farm in return for a 5¢ cigar...
Other commodity exchanges in Manhattan include National Raw Silk, National Metal, New York Metal, New York Cotton, New York Coffee & Sugar, New York Cocoa, New York Fruit, National Malt & Hop, New York Poultry, New York Produce (oil, flour, provisions, grain) Exchanges...