Word: marketing
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Dates: during 1930-1939
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...Thus, if union carpenters were getting $1.75 an hour in private employment, carpenters working for WPA got $1.75. Result: to earn the maximum monthly wage of $92.89 allotted to them, they need work only 53 hours a month. The unions' interest in thus preventing Unemployment from breaking the market for their labor was only natural. But WPA's prevailing-wage provision had other effects. Testifying to Congress prior to this year's revision of WPA, Administrator "Pink" Harrington explained...
...very essential chemical: potash.* Last year the U. S. made history by producing 52% of its potash at home. Recently the annual report of the Bureau of Mines revealed that fact. Last week the consequences of it became apparent: Europe launched a potash war to recover the U. S. market...
Last week the appeasement-minded potash interests of Europe's democracies, and dictatorships, far from preparing for a war against one another, banded together more firmly than ever to keep the expanding U. S. potash industry from depriving them of the U. S. market. U. S. consumption in 1938 was 467,000 tons (15% of world production) which provided $23,260,400 worth of business, with the Cartel cut down to $13,512,110. Down came the Syndicate's U. S. price (50? to $1.75 a ton) on three important grades...
Last year, Potash Co. of America (owned in Denver) profited from the Syndicate's attempt to rig the market, and doubled its plant capacity at Hobbs, N. Mex. Union Potash and Chemical Company, also of New Mexico, and 50% owned by International Agricultural Corp. (big fertilizer company) acquired three new leases to Government potash land, sped up shaft sinking to new deposits...
...five-year low ($6.02½ per cwt.) will not feel the 1939 crop until this fall when pigs farrowed this spring begin to go to slaughter. Chief beneficiaries of the booming pig population: the corn farmers, 40% of whose product will go to fatten hogs for a glutted pork market. But their returns are not likely to be handsome. For 1939 nature has been bountiful beyond New Deal rules and a large crop of 2,518,000,000 bushels is forecast. Thus, while pigs in increasing numbers eat corn, corn (currently selling in Chicago at slightly more than...