Word: brannaned
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...Administration and traders, who had thought support loans and exports would prop up prices, were worried. Irate farm-bloc Congressmen called in Secretary of Agriculture Charles F. Brannan to ask a Congressman's perennial question: Who's to blame? Brannan could do no better than trot out a familiar Administration devil: the speculator. He ordered the Chicago Board of Trade to dig up the names and employment of all buyers & sellers on the fateful Tuesday. Speculators must have been to blame, said Brannan, because he could not see any other reason for such a drastic shakeout...
Food. Secretary of Agriculture Charles F. Brannan checked into the price of bread, which has risen slightly in the last year, while the price of wheat has dropped almost one-third. The reason, said Brannan, was the thick slice taken by bakers and retailers; they keep 9.7? of a 14.5? loaf, as against the farmer's 3?. The profit on bread of eight representative food chains, said Brannan, was 18.2% (before...
...Faces. For him, it was a week of beginnings and endings. He posed with his official family for the last Cabinet picture of his first Administration, giving the public one of its infrequent looks at men like Donaldson, Brannan and Sawyer. Of the men grouped around Truman, only one was a holdover from Franklin Roosevelt's regime. He was Defense Secretary James Forrestal...
...decision to keep the Government in the grain business was a victory for Secretary of Agriculture Charles F. Brannan, who does not want to diminish CCC's power to exert control over grain markets. The election, Brannan apparently thought, had given the Administration a mandate to continue the kind of Government trading that Congress had frowned...
Secretary Brannan had urgent politico-economic reasons for wanting CCC to ship the grain. With the biggest crop in history piling up, much of it was without storage and therefore ineligible for Government loans, a form of price support. If private traders took over EGA buying, they would be likely to buy stored grain, pass over the other grain. On the other hand, CCC may be able to buy the unstored grain and ship it out before farmers have to sell it below support levels...