Word: incubus
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...than the Farm Board as a price-fixer. The visible world supply of wheat in May was 470 million bu., of which almost half (225,000,000 bu.) was held in the U. S. The Farm Board had advocated this holdover-from-1929 policy which now hung like an incubus over 1930 prices. The U. S. Department of Agriculture last week estimated the 1930 winter wheat crop at 532 million bu.-46 million bu. below last year's harvest of the same grain. But even this apparent cut did not materially aid prices. The spring wheat crop remained...
...Incubus. But the Farm Board and its two wheat-dealing agencies, Farmers National Grain Corp. and Grain Stabilization Corp., were much less interested in the 1930 crop which they have promised not to touch on the market, than they were in the great 1929 crop, an incubus under which they still labored. The two grain corporations, interlocking in personnel and activity, had bought in some 45 or 50 million bushels of wheat, of which 15 million were futures for May delivery (TIME. March 10). Wheat bins were already choked in Chicago and Minneapolis. Delivery date had almost come. Chairman Legge...
...Congress met last week, Senator Arthur Capper of Kansas, his face stamped with anxiety, visited the White House. To President Hoover he stated his problem: Kansas granaries bulged with 40,000,000 bushels of 1928 surplus wheat held for export. It hung over the incoming crop, an imminent incubus. It could not be moved to seaboard with a transportation loss to the producers of 8? per bushel-a freight rate advantage enjoyed by Canada and Argentina on the wheat for the world market. Said Senator Capper: "This wheat must be moved in the next three months, as July wheat will...
Tradition has neither stabilized nor sanctified the present three annual affairs, one of which is fast developing into an incubus. The spirit which fills the gymnasiums of state universities with a sympathetic mass of jazz-appreciators and inspires the grand march with the prom chairman and the lucky girl at its head in a confetti setting is not transferrable to Memorial Hall. The happy solution of the problem would be for the blaise Juniors to pass over their dance to the social Sophomores who might profit by early experience or carry on the Jubilee tradition throughout their college career...
Weather an Incubus...