Word: wheat
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Dates: during 1930-1939
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...Moscow's "Man of Steel" can do, is doing, will continue to do up to a purposeful point. When the Russian stomach begins to feel the pinch it is and will be convenient to execute subordinates for "plotting famine." Europe's Reation: Swamped with Eggs!" Not only wheat but barley, corn, eggs, lumber and other commodities were rumored dumped by Russia last week upon Europe. M. Le Senateur Henri Cheron, famed Finance Minister of France in the "Stabilized Franc" Cabinet two years ago (TIME, Nov. 19, 1928), cracks and scoops out a soft boiled egg nearly every morning...
Moscow & The Miller. Not in the least excited last week were millers, middlemen of wheat, who like to see it as cheap as possible. The Miller, organ of Great Britain's milling industry, waxed cheerful even over Dictator Stalin's policy of taking food out of Russian mouths to "dump" abroad...
...question of human distress is a matter of degree only," philosophized The Miller. "In that the export of wheat enables Russia to buy machinery and other merchandise, her increased grain sales may be considered a cause of gratification. There are citizens in the United States-the most prosperous country in the world-who lack food and clothing and other necessities of life, yet America can export when and how and at what price she likes without any cry of 'crime' being raised...
...quantity of Russian wheat in passage to European ports at the end of last week amounted to only 3,715,200 bushels out of 44,995,200 bushels in passage from all exporting countries. North American shipments on the way to Europe amount to 29,762,880 bushels, and Australian shipments to 5,036,160 bushels, together nearly ten times the quantity in passage from Russia...
Significance. In 1913 Russian wheat exports were 450,000.000 bushels. Last week U. S. experts still spoke in terms of 45,000,000 bushels as the maximum possible Russian export for 1930. In Moscow itself Soviet statesmen, cheered by returns showing that Russia's present "bumper crop" is 10% to 12% greater than last year, spoke of a possible export surplus of 90,000,000 bushels, one-fourth of the 1913 figure. If this actually "small" Russian export can break the bottom out of wheat prices, the underlying cause must be some concealed "big" factor. It is this...