Word: normalization
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Dates: during 1930-1939
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...just ended set a new high, exceeding even the 1928-29 peak when the world used 25,778,000 bales. Meantime world carry-over has been reduced from a staggering total of 17,600,000 bales in 1932 to about 12,500,000 bales which is not far above normal. In the dark of Depression the U. S. carry-over accounted for no less than 13,000,000 of the world's 17,600,000 bales. Today this U. S. surplus is down to about 7,100,000 which is also not far above normal, even though the Government...
Squeezes. In the normal course of hedging operations the cotton merchant sells futures contracts short, but unlike the speculator he actually owns an equivalent amount of real cotton. As one contract matures, say July, he switches into another, say October, to keep his insurance in force. This switching makes the merchant vulnerable because the July contract, which he has to buy back, may be squeezed up at the last moment, whereas the October contract, which he plans to sell, may not rise at all. The only way he might avoid loss is to deliver his real cotton against his contract...
...Normal blood pressure for a healthy individual is roughly his age plus 100. It continually varies-lower in sleep and menstruation, higher after meals, baths, in anger, in pregnancy. Prolonged high blood pressure of 180 to 200 or low pressure of 60 to 75 are positive signs of disease somewhere in the system. To most people their blood pressure figure, without explanation, has no more meaning than the count of the white cells in their blood stream, or the specific gravity of their urine. Nonetheless the numbers indicating specific gravity, blood count or blood pressure do fascinate many people...
Last week rains broke the drought in the South, gave hope of moderate crops. Still in critical shape were the corn states which, heat or no heat, could produce no more than 74% of their normal crop. Added to the list of emergency drought states was Governor Landon's Kansas, where Soprano Marion Talley's 1,600 acres of wheat were scorched brown...
...drought counties. This week the Department of Agriculture upped its drought estimates to include 607 counties in 17 states. In Washington the Crop Reporting Board gloomed that the Great Drought of 1936 was about as severe as the Great Drought of 1934, that pasture land was only 44.7% of normal...