Word: wheat
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Dates: during 1930-1939
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Rapturous Japanese businessmen snatched at copies of Nichi Nichi last week to read an analysis showing that war between Italy and Ethiopia would help practically every Japanese industry except wheat and possibly chemicals. Biggest slices of cake would go to shipping, heavy industry, steel, rayon...
...benefit of its busy readers the Wall Street Journal carries a daily table called ''World Wheat at a Glance." Listed in four columns are closing prices for the previous nine trading days on the four great primary wheat markets?Liverpool, Buenos Aires, Winnipeg and Chicago. Last week it took no more than a glance at that table to perceive that world wheat was in the midst of something far more significant than a speculative war jiggle...
...terrific burst of activity that put the Board of Trade on the front page for the first time in months, Chicago wheat soared 4¢ per bu. in one day to the magic figure $1. Dollar wheat has appeared several times since the New Deal but, because U. S. markets are insulated by a high tariff against outside factors, world prices lagged far behind. Winnipeg prices have also been artificially high, due to the stabilization efforts of the Canadian Grain Board. Lacking the stability provided by huge storage facilities. Buenos Aires is erratic. From its year's low Argentine wheat...
Though all four great markets seesawed sympathetically with changing prospects for War or Peace last week, the upward surge in world wheat had one fundamental cause: supply & demand. "Were it not for the very heavy carryover of Canadian wheat, amounting to about 200,000.000 bu.," said Grainman Fred Uhlmann of Chicago, "I believe there would be a scarcity of wheat such as has not occurred in a decade or two." Fact was, instead of having four or five major wheat exporting nations, the world this year will have only...
Bought by the U. S. Biological Survey for a wildfowl refuge were 40,000 acres at the Mississippi's mouth, onetime hunting preserve of the late Joseph Leiter. There the Chicago wheat speculator's yacht Emmie sank, there his remaining eye was injured in a duckblind, there his Son Joseph Jr. was killed in a hunting accident and there he caught the cold which went into pneumonia and ended his life...