Word: bae
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...news in food came out of the Agriculture Department. In its new crop forecast for 1949, the Bureau of Agricultural Economics estimated-normal or bumper crops of almost everything. BAE estimated the winter wheat crop at a whopping 1,019,686,000 bu., well over last year's 990,098,000, and second only to 1947's record 1,068,048,000 bu. With good weather and a probable 325-million-bu. carryover from the 1948 crop, the U.S. would be up to its ears in wheat by summer. What with good crops and lower prices, the Bureau...
When-and if-it comes, wholesale food prices, said BAE, may tumble 15 to 20% below last December's average. At the same time there may be a 20 to 25% drop in farm prices. But BAE felt that industrial production would hold up pretty well. It estimated a decline of only...
Principal factor on which BAE based its slump prediction was the declining volume of consumer purchasing power. In July 1945, real wages & salaries were a whopping 205% of the 1935-39 average, because prices had been held down while pay rose. By last December, real wages had dropped to 168% of the prewar average, because the rise in prices was outstripping wage increases. And the value of real wages was still shrinking. Wages & salaries, the backbone of consumer demand, had been 70% of all income payments in July 1945. By last December they had fallen...
Sales have been held at high levels by the spending of wartime savings and installment buying, said BAE. But wartime savings of many consumers are gone. The only hope of averting the recession, in BAE's opinion, is an early drop in prices. This would keep up purchasing power...
...sharpest one-day drop in six months. The Dow-Jones industrial averages fell 4.83 points to 177.05 and continued to slide down 1.21 points the following day. Wall Streeters, who have lately been blaming the "international situation" for the jittery market, promptly put some of the blame on BAE. But commodity prices, which have risen so sharply recently that many besides BAE think they are in for a bad fall, kept right on rising. March wheat futures hit a new 27-year high of 2.64¼ a bushel. How high would they go? How could prices be brought down quickly...