Word: sovietism
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Dates: during 1930-1930
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...Secretary of Agriculture Arthur Mastick Hyde expected to provide U. S. farmers with better prices for their wheat by his charge that the Soviet Government was selling short on the Chicago Board of Trade, he must have been a sorely disappointed man last week. The Board of Trade barred short sales by foreign governments. Soviet shorts covered their position. The Federal Farm Board, through its grain corporation, began to buy again. Yet within the week September wheat slumped 7 cents per bu. to a 24-year-rec-ord low of 74½ cents, as compared with the 5 cent...
Brokers' Explanation. Brokers for this Soviet sale were: Harold L. Bache of the Manhattan firm of J. S. Bache & Co., who disposed of 2,300,000 bu.; Alvin Wachsman of Wachsman & Wassail who sold 3,110,000 bu.; Adolph E. Norden of A. Norden & Co., whose sales totalled 2,335,000 bu. The House committee members seemed dazed by the intricacies of grain trading as described by Broker Bache, who denied that the Soviet sales were large enough to affect the pit price, explained that if Russia had wanted to manipulate the world price, it would have sold short...
Board, Hyde, Kipling. Meanwhile to satisfy Secretary Hyde, the Chicago Board's business conduct committee was making its own investigation of the Soviet sales. Because Secretary Hyde did not complete his trip to Chicago to help Board of Trade's investigation, Board officials, led by their counsel, Silas Hardy Strawn, travelled to Washington to see him. When their "free, frank and friendly" conference broke up, they were still miles apart on interpreting the influence of the Red short sales upon wheat prices. Counsel Strawn voiced the opinion of practically all experienced grain traders when he said: "Short selling...
...ideas being unacceptable to the officials of the Amtorg, I, therefore, tendered my resignation. I decided not to return to Soviet Russia, as criticizing the policy of the Soviet Government or its officials is a criminal offense in Russia...
Quiet sitters at the back of their Soviet union hall were five women whom Ogpu (Soviet secret police) pounced on last week, arrested. All were charged with falsifying their identity papers, accused of being former nuns masquerading as proletarians. Two of them, whilom Mother Superior Belayeva and Sister Danilova (both of the suppressed Convent of Ekaterinburg), were further accused of being former princesses.- To their homes the Ogpu frog-marched the protesting nuns, ransacked, found 800 silver ruble pieces, 250 rubles in Tsarist gold coins, "a panful of copper coins" and 515 carats of assorted precious stones. In reporting...