Word: wheat
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Dates: during 1930-1939
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...Chairman Legge found that "relieving agriculture" was not the simple direct thing he had anticipated. Husbandmen would not "cooperate" on mere orders from the Board. Commission men fought back desperately when their business was squeezed by cooperatives. Foreign countries could not be forced to buy U. S. crop surpluses. Wheat prices refused to rise when the Board tried to bull the market by direct buying. Business men flayed the Board for its "socialistic program" of government-in-business (TIME, April...
...Wheat. Immediately confronting Chairman Legge as he began his second year in office was the 1930 wheat crop. Last week from Grandfield, Okla., moved the first carload of this year's harvest "all the way from farm to final buyer through cooperative marketing agencies," according to the boast of Farmers National Grain Corp...
...efforts of Chairman Legge, his Farm Board and its network of cooperatives could not hold up wheat prices. The July figure in Chicago slumped to $1 per bu.-7? below last year's mark. Traders in the pit spoke of a "panicky feeling." Growers out in the country wondered when, if ever, the Farm Board would get them better prices. Meanwhile the National Grain Corp. braced itself to handle 300 million bushels of wheat (about one-third of the crop total) through its elevators and co-operative agencies. From Hall-Baker Co. in Kansas City it hired Paul Bartlett...
...More Price-Pegging. Chairman Alexander Legge of the Farm Board announced last week that U. S. cotton and wheat loans for 1930 would not be made at the pegged levels of 1929, but would be based on fluctuations of day-to-day market prices. He expected loans to range as high as 80% of current crop values, as contrasted with the 66% which most private concerns would advance on the same commodities...
...flour counter of the nation's chief grocery store, the new building is decorated throughout with a grain motif by Architects John Auger Holabird and John Wellborn Root. The entrance grill bristles with fuzzy sheaves and kernels, grain garnishes the elevator doors, flanking the clock outside stand a wheat-raising Egyptian and a corn-fed Amerindian. Ripe wheat heads were thrust into the hands of visitors on the opening day as they peeped into the main trading floor, 113 ft. x 163 ft., where business was going on as usual in the wheat pit (38 ft. across) and nearby...