Rain fell one day last month in a little Kansas town called Ulysses, in Grant County. A local correspondent for a grain elevator house flashed the word to his Kansas City office. Direct wires carried the news to Chicago and Manhattan, where cables whipped it on to Liverpool and Buenos Aires. It was only a matter of minutes before all the world's wheat speculators knew that at last rain had moistened the dry wheat fields of the U. S. "dust bowl."
Within a few days the shrewd crop estimators in the big Chicago grain firms announced forecasts averaging 537,000,000 bu. for the...
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