Last night in "Commodities Comeuppance"
I said my best guess was that the ag stocks would be up today. When POT
and MOS opened down I was reminded of a vignette from the Berlin
Airlift.
We're coming up on the 60th anniversary of the Soviet blockade that June.
During
the summer the two million people that the Brits and Americans were
trying to feed could get by with two tons of coal per day (over the
course of the airlift 80% of the weight hauled was coal) but as the
blockade went on, it was apparent that the Sov's. intended to starve the
city and it became imperative that an efficient method of delivering
coal be found.
During winter the absolute minimum requirement was
3100 tons of coal per day. The little C-47's could haul around three
tons per flight. The first week of the airlift, deliveries averaged 90
tons per day. The second week, 1000 tons/day.
It was decided to
experiment with a low-speed, low-level drop of coal onto an empty field,
the idea being that if it worked, B-29 Superfortress' with a 105 mph
stall speed and 22-25 ton capacity would solve the problem.
On
the appointed day the senior commanders went to the field, the plane
came over, low and slow, dropped the coal, packed 100 pounds to a bag,
the bags landed, exploded open, the coal was pulverized and a great
black cloud of coal dust covered everyone watching.
One of the Generals, I forget if it was LeMay, Tunner or Smith, said "Doesn't work" and that was that.
When I saw the ag stocks open this morning I thought
"Doesn't work".
The
logistics geniuses figured out what needed to be done, took 300 of the
400 10-ton capacity C-54's in the U.S. fleet, developed flight rules so
efficient that the Germans called it "die Luftbrücke" (Air Bridge) and
on Easter Sunday 1949 in a move to crush the Soviet's spirit, they
decided to show off with the "Easter Parade".
In the 1440 minutes of that day, they flew 1398 flights into Berlin delivering 12,940 tons of coal.
The
Soviets gave up the blockade the next month, two million people didn't
starve or be forced to live under Moscow masters and thousands of kids
remembered the candy bars the pilots would tie to handkerchief
parachutes and drop as they came into Tempelhof.
39 British and 31 American airmen were killed in crashes during the airlift:
Yup Sonny
