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...Last week gifts of holiday food reached the White House in abundance. President Hoover went outside to greet the driver of a creaky old cart which a pair of oxen had drawn from Maine. In the cart were 40 bu. of Maine potatoes, a present from Governor Gardiner. Three days later Maine potatoes were sent out to Washington's relief agencies for distribution among the poor...

Author: /time Magazine | Title: THE PRESIDENCY: Red Scare | 12/7/1931 | See Source »

...Politicians of the Harding-Coolidge era (1921-29) the phrase "Dollar Wheat" was the sorriest raven-croak of agricultural depression. It suggested unpaid mortgages, political revolts, elections lost. When in July, 1923, wheat dropped to 96^ per bu. there was something akin to panic in Republican Washington, with wild talk that a Republican could not be elected President the following year...

Author: /time Magazine | Title: HUSBANDRY: Dollar Wheat! | 11/16/1931 | See Source »

...make "Dollar Wheat" a distinct possibility. In fact "Dollar Wheat" was an actuality in the highest grades of grain. Montana Dark was taken for $1.01 in the Seattle pit. A fine hard variety brought $1 at Boise. The Pillsbury Flour Mills at Minneapolis paid $1.03 per bu. for No. i amber durum...

Author: /time Magazine | Title: HUSBANDRY: Dollar Wheat! | 11/16/1931 | See Source »

...five and one-half trading days December wheat rose from 61/ to 67^ per bu.. a rate of climb which, if maintained, would bring "Dollar Wheat" by Christmas. All of next year's futures crossed the 70<' line and went beyond. La Salle Street's air throbbed with bullish rumor: Russia was definitely out of the export market; the Manchurian situation meant war and war meant a wheat shortage; U. S. farmers will cut their 1932 acreage drastically; nearly one-third of Germany's crop was ruined by wet weather...

Author: /time Magazine | Title: HUSBANDRY: Dollar Wheat! | 11/16/1931 | See Source »

...help fight unemployment Henry Ford put 650 men to work on his farm at $5 a day to dig 100,000 bu. of carrots with ordinary hoes. Said he in an interview: "Money is like an arm or a leg- use it or lose...

Author: /time Magazine | Title: People, Nov. 16, 1931 | 11/16/1931 | See Source »

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