Word: wheat
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Dates: during 1930-1939
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...gong closed May trading in U. S. grain pits last week the Federal Farm Board, as it had promised to do, ceased stabilizing wheat prices. Board officials declined to reveal precisely how much wheat the U. S. had bought in the open market or how many U. S. dollars had been lost in price-pegging operations. Grain experts estimated, however, that the Board owned more than 200,000.000 bu. (exclusive of the 35.000.000 bu. sold abroad this spring) with a book loss of $90,000.000. Still undetermined was what the Board would do with the largest amount of wheat ever...
...Poland, Hungary, Jugoslavia, Bulgaria and Rumania. 1930 export figures for the "Little Five" are not yet available. *See table above: Canada exported in 1930 twice as much wheat as Russia. †Recipe (TIME, Dec. 8): two parts of whole wheat and one of whole rye cooked in a double boiler until the kernels of wheat burst open. Cooking requires from four to five hours...
...Nothing has been done here to prevent Russia's dumping if she sees fit, and she has not been asked to change her methods, for Russia has the same right we have to sell her wheat wherever, whenever and for whatever price she sees fit. But eventually she will discover it is unprofitable for herself...
...managed to say that the conference "accepted in principle the American suggestion that there should be a reduction in acreage." Acceptance-in-principle is a useful phrase. The Conference did adopt a sop resolution in which it stated the obvious fact that reduction in acreage would ease the world wheat situation, but no chief delegate, except Sam McKelvie, even promised to exhort farmers to "voluntarily reduce...
...Conference failed, wheat men were conscious that the world's wheat elevators are bulging with last year's surplus and that out of the earth was already springing another monster crop, another incubus. Too discouraged to tear their hair, Chicago wheat pit traders estimated quietly last week that North America will close 1931 with a surplus of one billion bushels-beyond all comparison the all-time record...