Word: inness
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Dates: during 1930-1939
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¶ Neatest financial trick of the week was accomplished by Secretary of Agriculture Henry Wallace: By reducing the Government subsidy on cotton exports, he helped boost the price of cotton. He originally got a $36,000,000 fund with which to subsidize exports. He spent about $32,500,000, paying...
Since July 27, the Department of Agriculture has made subsidy commitments on 5,700,000 bales against total exports of only 3,362,000 bales in the cotton year ended July 1, 1939. The balance of the subsidy fund should account for another 600,000 bales at $1 a bale...
¶ a yard); when cotton is rising, textile fabricators like to buy for future use in hope of inventory profits. Last week's cotton buying was paralleled by a rush to buy cotton grey goods: sales, 100,000,000 yards, up 80,000,000. This piling up of inventories...
¶ The November exports trade of the U. S. (reported last week) totaled $287,063,000, off $30,000,000 from October. Principal increase: aircraft, from $3,025,000 in October to $6,760,000. Other rises: meats and lard, iron & steel mill products, electrical machinery, automobiles, parts and accessories...
¶ Most business and Government-guess-timators agree that in the first half, 1940 business will be down from fourth quarter 1939, but it appeared that one cushion which may pad the fall might be auto production. The fourth quarter of the calendar year is first quarter of the auto...