Word: wheat
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Dates: during 1930-1939
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...COMPLY WITH THE RULES LAID DOWN BY THE DIFFERENT PUBLIC SERVICE COMMISSIONS IN THE DIFFERENT STATES STOP ON THE PARENT COMPANY WE USE THE METHOD WE DO BECAUSE WE BELIEVE IT IS THE BEST AND ESPECIALLY IN OUR PARTICULAR CASE STOP EXCEPT FOR THE EFFECT OF TWENTY-FIVE CENT WHEAT AND OTHER SIMILAR THINGS ON THE DEPRECIATION OF PROPERTIES IN GENERAL AND EXCEPT FOR THE FIVE CENT OIL WE FEEL WE HAVE ALWAYS CHARGED OFF TO DEPRECIATION AND RESERVES MORE THAN WE SHOULD STOP WE HOPE TWENTY-FIVE CENT WHEAT AND OTHER DEMORALIZED PRICES IN GENERAL AND FIVE CENT...
Gold, cotton, copper, wheat and grasshoppers were the chief contents of President Hoover's mind last week. With his approval the Federal Reserve Bank of New York joined the Bank of France in advancing the Bank of England credits of $243,000,000 to make up for the short-term loans Britain had agreed not to withdraw from Germany (see p. 16). He announced that the Department of Agriculture was working on relief measures for the 'hopper-infested West (see p. 12). And from U. S. Ambassador Frederic Moseley Sackett in Berlin came a suggestion involving cotton...
What was proposed was that Germany buy on long-term credits a large quantity of the Federal Farm Board's 200,000,000 bu. of stabilized wheat and 1,300,000 bales of stabilized cotton. The Farm Board could thus unload some of its expensive holdings, U. S. commodity prices might be boosted, and the German Government would make some money. While Ambassador Sackett was diplomatically urging German officials to make an offer, President Hoover reviewed the "happy idea" with his cabinet. The Farm Board announced it was ready to sell to Germany on credit if the offer were...
...Berlin the ''happy idea" produced divergent opinions. Behind a high tariff ($1.30 per bu.) German farmers have this year produced an unusually large wheat crop (160,000,000 bu.). Germany needs to import only about 30,000,000 bu. to bring its supply up to domestic consumption. Most of its imported wheat comes from the Danube basin, Manitoba and Argentina. It was not likely that Germany could or would take any appreciable amount of wheat from the Farm Board. But of U. S. cotton on credit Germany could make great use; its textile industry was deeply depressed...
German businessmen greeted the Ambassador Sackett-President Hoover plan to sell U. S. wheat, cotton, possibly copper in Germany with moderate enthusiasm (see p. 11). Commented the liberal Vossiche Zeitung...