Word: wheat
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Dates: during 1930-1939
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This run was a comedy of ignorance. World wheat granaries were bulging with 5,300,000,000 bushels of grain, of which the U. S. held 3,500,000,000. Two and a half million tons of sugar were on hand, the U. S. beet and cane crop was estimated at 2,100,000 more and in overproducing Cuba a crop of 3,500,000 was in prospect -all ample to meet U. S. needs (annual consumption: 6,600,000 tons) with plenty left over for the perennial Cuban surplus. For the fall killing there were a bumper pig crop...
...gayly costumed villagers, a few colonels in uniform, and counts in Bond Street tweeds, were flocking to Poland's holiest shrine to pray to Regina Regni Poloniae, the "Black Madonna" with the sabre cuts in her cheek. Their monotonously repeated prayer: "Theotokos, Mother of God, thanks to thee the wheat is in. But let it not be wasted; let there...
Argentina showed the biggest immediate gains. Since War became imminent the country's grain board has sold Europe over 1,000,000 tons of wheat; last week Britain and France ordered 16,635 tons of chilled and frozen meats, to be delivered, besides standing orders, by October...
Commodity exchanges went war-wild. Sugar and wheat, essentials for warring nations and their armies, got away in front and by the first day's end had advanced the maximum permissible limits set by the Commodity Exchange Administration (5 to 8 for wheat, for sugar). Popeyed at the spurt but calculating on still further rises, many a holder of wheat and sugar pulled out of the market, determined to hang on to his investment for still higher prices. As a result many buying orders were unfilled. Hides and lard boomed as they had not done since World War I, copper...
Seattle: Wharves were clear but no bottoms were available at a time when lumber and logs, wheat and flour, canned salmon, apples, should soon be moving. (Apple shippers were grim; Great Britain. Germany, France take all their exports.) It looked as if Seattle's $1,000,000-a-day export trade would be reduced to a trickle...