Word: years
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Dates: during 1930-1939
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...land, no trust-busting Federal attorney, can interfere when Nature conspires in restraint of trade. In Kansas, No. 1 winter wheat State, the past three months' (September, October, November) "normal" rainfall expectation was 6.09 inches of rainfall; this year, actual rainfall was 1.75 inches. Nebraska, which expects 4.53 inches, got 1.15; Iowa, expecting 7.81 inches, got 2.82. Total U. S. water shortage reached 400,000,000,000 tons, left several States with their next-to-record drought, left Wisconsin with its smallest rainfall on record...
...crop condition of winter wheat last week was 59.4% of normal, lowest on record, and a harvest of only 389,000,000 bushels is expected (down 43.3% from this year) and the price of wheat soared from 87!^ Nov. 28, past the haloed $1 mark to hit a high of $1.05, a 26-month high...
...further drastic price rise is likely to be dampened by the 230,000,000 bushels carried over from the last crop year (of which approximately 175,000,000 bushels are in hock to the U. S. Government), but the chances of wheat staying around $1 were helped by news from Argentina that the wheat crop there was also in bad shape. Reason: late spring frosts. November in the Argentine is the equivalent of May in the U. S. Argentina's expected harvest is around 160,000,000 bushels, less than half of last year's crop...
Since July 27, the Department of Agriculture has made subsidy commitments on 5,700,000 bales against total exports of only 3,362,000 bales in the cotton year ended July 1, 1939. The balance of the subsidy fund should account for another 600,000 bales at $1 a bale. But if farmers, who have 3,941,950 bales in hock with the Government, start repossessing, they can flood the market all over again, break the price...
...Most business and Government-guess-timators agree that in the first half, 1940 business will be down from fourth quarter 1939, but it appeared that one cushion which may pad the fall might be auto production. The fourth quarter of the calendar year is first quarter of the auto model year, a time when auto manufacturers justifiably overproduce in order to stock dealers. Overproduction of 200,000 cars would average less than five cars apiece for each of U. S.'s 41,698 dealers. Beginning of autumn, production ran at full blast. Last week it assembled 117,805 cars...