Word: wheat
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Dates: during 1930-1939
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Though the Farm Board would buy no more wheat - it is already about $15,000,000 in the red on its current holdings - George Sparks Milnor, president of Grain Stabilization Corp., the Board's market agency, did declare: "The grain trade need have no apprehension of competition from wheat held by Grain Stabilization Corp. during the coming months when farmers will be moving the 1930 crop to market, unless in the meantime prices rise to the level at which purchases were made [$1.15 to $1.18]. In no event will this 1929 stabilization wheat be thrown on the market...
...Wheat (July...
Looming over the whole wheat market was an economic situation more potent than the Farm Board as a price-fixer. The visible world supply of wheat in May was 470 million bu., of which almost half (225,000,000 bu.) was held in the U. S. The Farm Board had advocated this holdover-from-1929 policy which now hung like an incubus over 1930 prices. The U. S. Department of Agriculture last week estimated the 1930 winter wheat crop at 532 million bu.-46 million bu. below last year's harvest of the same grain. But even this apparent...
...could not promise a tariff on wheat, he said, for every farmer must know that the urban electorate would vote down such a measure. But when the Conservative Party returned to power he would guarantee the farmer a fair price for wheat, "a price sufficient to enable wheat to be produced remuneratively on ordinary lines...
National-Pacific. National Biscuit Co. (largest biscuit maker [500 kinds] in the world; also breadmaker; owns Shredded Wheat Co.; 1929 net $21,422,357) acquired Pacific Coast Biscuit Co. (biscuits, candy, sold on the Pacific Coast, in the Hawaiian Islands, the Philippines, the Orient...