Word: wheat
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Dates: during 1930-1939
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Price rises in such great world staples as wheat, cotton, rubber and copper have been as thoroughly publicized as the Roosevelt bull market. But the world is full of a number of things just as important to industrial civilization as staples. For a broad view of commodities the businessman leans on the big wholesale price indices, typical of which are those computed by Dun & Bradstreet, the Department of Labor and the Annalist, financial weekly published by the New York Times. Last week a 23-year picture of these indices looked like this...
...model on display for farmers' inspection. Costing the same $500,000,000, it was basically identical with the apparatus whipped together last spring after the Supreme Court had ruled the AAAct off the road. As a reward for diverting their acres from "soil-depleting" crops (cotton, wheat, corn, tobacco) to "soil-building" crops (alfalfa, soybeans, grasses), farmers will receive Federal bounties averaging slightly less than $10 per acre. Thus, by the back door of soil conservation, the New Deal will continue to achieve some production control of cash crops, which the Supreme Court has forbidden it to approach directly...
...plainer boom portent has been seen than the recent upward surge in prices, Moody's commodity index having risen 20% in the past six months. Wheat at $1.25 per bu. last week was at a six-year high, cocoa at 11¼? per Ib. at a seven-year high, rubber at 19? per Ib. at a seven-year-high...
...solid wheat dealer of northern France, Artist Matisse dutifully began life as a lawyer's apprentice, was forced to give up his law studies when a severe attack of appendicitis left him an invalid for many months. Painting was suggested to help his convalescence and he liked it so well that he never opened a law book again...
...novel solution, which has been adopted by Connecticut, Rhode Island, Massachusetts. Parabond is a rubber latex compound poured into the expansion joints, where it jells. To prevent the usual separation from the concrete, it has a strong adhesive mixture. To prevent bulging, it is thickly interlarded with puffed wheat. The porous globules of puffed wheat constitute bubbles in the mixture, permitting the latex to give without forming a ridge across the highway...