Word: wheat
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Dates: during 1930-1939
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Last week cotton took wheat's place in the press headlines of the land and in the worried mind of the Federal Farm Board. Good growing weather began bringing in the 1931 crop ahead of schedule. On the Shafter, Calif, farm in which President Hoover has a financial stake, the first bale of long staple was produced three weeks earlier than last year. Ginning the South Carolina crop started at Allendale seven days ahead of time. In Washington, Department of Agriculture officials hotly defended as "reasonably accurate" their 15,584,000 bale crop estimate.* Prices sank to the lowest...
...Washington and the White House last week went tall, wiry Thomas Donald Campbell of Hardin, Mont, to lay before President Hoover a program for solving the wheat problem. Financed by the House of Morgan in 1918, Mr. Campbell applied industrial methods to 95.000 Montana acres, became the largest wheat farmer in the U. S. In 1929 he went to Russia as wheat adviser to the Soviet Government. This year on his Hardin farm, he cut his wheat acreage, substituted flax and beans for grain. As an authority and a supporter of the Farm Board's efforts...
...Industrial Farmer Campbell's program the two important points were: 1) tax foreign hedgers 21 ?(one-half the tariff rate) on every bushel of wheat they sell short in the Chicago market, on the ground that such sales depress prices as much as if the wheat were actually brought into the U. S.; 2) cut in half the tariff rebate (now 40^) on every bushel of Canadian wheat brought into the U. S. under bond for milling and export, thereby giving U. S. wheat a 22(- advantage for this trade...
...pull that old Federal court injunction stuff on me. It'll be like a jackrabbit trying to tree a wild cat ... Some of these quill suckers-said my action was bad precedent and that if I could do that for oil, it could be done for cotton and wheat. They don't understand that an executive order must invariably follow the law and there's no law to control cotton or wheat production when the price is less than its value...
...Wheat 6 Cotton. There was a flurry in German and U. S. business circles over the Sackett-Hoover suggestion to sell U. S. surplus wheat and cotton to Germany on credit. Germany rejected the original U. S. offer fortnight ago, countered with an offer of her own last week to buy 600,000 bales of cotton, later offered to buy 600,000 tons of wheat. In Washington the Federal Farm Board had an all-day meeting and in turn rejected the German cotton offer as too low. Sensible German businessmen were not surprised...