Word: wheat
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Whenever during recent months the price of wheat has slumped lower, the Federal Farm Board has charged that grain speculators were manipulating the market to discredit the Board's efforts to help the farmer. When fortnight ago Vice President Curtis and Senator Watson begged the Board to hold its 200.000,000 bu. off the market long enough for prices to rise, Board officials obliquely declared that such requests were inspired by avaricious wheat traders plotting to rob the farmer. Few persons appeared to heed these vague accusations. But last week the Farm Board took them to the White House...
...Press President Hoover read this statement: "It has come to my knowledge that certain persons are selling short in our commodity markets, particularly in wheat. ... I do not refer to the ordinary hedging transactions [nor] to the legitimate grain trade. I refer to a limited number of speculators. ... In these times this activity has a public interest. It has but one purpose and that is to depress prices. It tends to destroy returning public confidence. ... It deprives many farmers of their rightful income...
...President Hoover, so often unlucky, picked a bad day in which to flay short wheat speculators as the cause of depressed prices. Almost at the same hour the Department of Agriculture was distributing its July 1 wheat crop estimate. This year's anticipated harvest was set at 869,013,000 bu., an increase of 5.583,000 bu. over last year's bumper crop. Such harvests stack one surplus on top of another, send prices down correspondingly. Acreage which the Farm Board has been pleading with growers to reduce 20% was cut less than 5%. While flaying short- sellers...
...thought of selling biscuits and crackers in cartons instead of bulk. The campaign worked. The public obeyed. Uneeda became one of the great U. S. trade-names. Today National is the world's biggest biscuit baker, has 84 plants in 29 States. It also makes bread, dog biscuits, Shredded Wheat, gingerbread goodies, peanut butter, zwieback, macaroni, pretzels. Its assets come to $138,000,000 of which $38,000.000 is working capital. Last year it earned $22,800,000, most of which was paid out in dividends to about 23.000 shareholders. It is one of those select companies which...
...railroad brings prestige to a community. It may also bring prosperity by carrying to market what the community produces. So in 1912 the citizens of Forgan, at the entrance of the wheat-rich Oklahoma Panhandle, were glad when the Wichita Falls & Northwestern (now part of the Missouri-Kansas-Texas) chose their town for a terminus.- And the folk of Beaver, the county seat seven miles to the south, were chagrined because railroadless Beaver was outdone. They pooled their wheat receipts, hired a teamster at $4 a day, graded the land by eye, started a railroad to Forgan. Before half...