Word: wheat
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Dates: during 1930-1939
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This ancient bit of Federal law last week turned up as grit in the gear box of the Government's whole farm relief program. Did it mean that the Treasury could not pay Domestic Allotment bounties to farmers for plowing up cotton and cutting wheat acreage, without first deducting any debts these farmers happened to owe the Government? If so, some $200,000,000 in bounties would never leave the Treasury and farmers would get only a batch of receipted bills on their Federal loans. Or were bounties not "claims" against which farm loans could be collected...
Secretary Wallace took an opposite view. He wanted to sidestep the law of 1875, pay cotton planters $100,000,000, wheat growers almost as much as a direct means of upping agricultural purchasing power. He feared a rural revolt against all future crop reduction plans if farmers did not get quick cash for their cooperation...
Report that caught businessmen somewhat unprepared was the Government estimate of this year's grain crops. For at least two months they have been anticipating a short wheat crop, expected the new wheat crop estimate to be even smaller than a month ago. Instead the estimate was a trifle larger and wheat prices promptly sank. Equally unanticipated were the estimates that corn and oats crops would be considerably smaller than anticipated, a corn crop next to the smallest of any since 1901. Few grain traders could recall any year when wheat, corn and oats crops had all been...
...Wheat...
...Topeka to give himself up. His father went with him, refusing to believe that he was guilty. Said the elder Finney: "His transactions from the first of the year showed a profit in excess of $200,000, according to information given me by his auditors. His losses on the wheat market last month were not in excess of $65,000. "We have purchased 30,000 head of cattle in Texas together. Delivery is to begin next week and Ronald is to be at the loading points to check in the cattle. We have a profit...