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...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...
...greatly aided by an accompanying hail of other good news, including a pickup in steel buying, active retail trade, a big bulge in carloadings (see p. 56), re-entry of the House of Morgan into the securities business (see below) and pegging of Canadian wheat at 87½¢ per bu. General Motors reported a striking sales gain in August over July. General Electric boosted its quarterly 15¢ dividend to 20¢. Furthermore, the stockmarket had already resumed its upward surge two days before the President's letter was published...
...year that AAA has already made plans for a crop reduction program. Despite floods and a cold, wet spring in the Central States, the corn crop was running 50% better than last year. Whereas on April i the Govern-ment had estimated a winter wheat crop 435,499,000 bu., this figure by last week had been boosted to 458,000,000. For winter and spring wheat combined the Government predicted the biggest yield since 1931-731,045,000 bu., against 707,000,000 reported last fortnight by five private forecasters (TIME, July...
July 1 estimate 1934 (in bu.) Production Wheat 731,045,000 496,929,000 Corn 2,044,601,000 1,377,126,000 Oats 1,266,243,000 528,815,000 Barley 316,850,000 118,348,000 Rye 53,100,000 16,040,000 Apples 1 70,000,000 119,855,000 Tobacco...
...Agriculture never grows tired of guessing. Nor do dozens of private wheat experts who devote their days & nights to the delicate and exacting business of crop forecasts. Last week five reliable independent forecasters reported that as of June 25 the U. S. wheat crop was 707,000,000 bu., 80,000,000 bu. more than domestic consumption. Their estimates of winter wheat averaged 451,000,000 bu. against the Department of Agriculture's 441,000,000 bu. June 1. But every grain trader knows that the guesses of good private forecasters are just as apt to be accurate...