Word: bu
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Dates: during 1930-1939
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Quickly the Government ticked off its charges. Mr. Cutten had misreported or had failed to report in 1930-31 his long & short positions of 500,000 bu. or more, as the Grain Futures Act requires. He had split his trading into 35 accounts in eight brokerage houses, putting the accounts under the names of relatives and associates. While each account seldom went over 500,000 bu., the total of all accounts often exceeded that amount. Would Mr. Cutten please show cause why he should not be barred from trading...
...basic ingredients in the Intrigue were simple: 36,000,000 Ib. of potatoes in storage, worth a mere 35? a bu. compared to their $1.37 ancestors of 1930; 3,000,000 potato farmers, bitter when they think what AAA has done for cotton, for tobacco, even for such a "basic commodity" as peanuts; two railroads eager for potato traffic; a Secretary of State devoted to foreign trade; three great potato regions -Idaho, Maine and the South Atlantic Seaboard-and three great potato statesmen...
...which Congress had said were not to be paid in gold or its equivalent (TIME, Jan. 21). Domestic markets slumped ominously. Led by Homestake Mining (gold), which dropped $30 per share to $340, the stockmarket sold down steeply. Wheat touched the lowest level in nearly three months (95? per bu.) and cotton sloughed off $1 per bale...
...wheat dropped to its lowest price (45? per bu.) on any primary world market in 300 years...
Under new Premier Etienne Flandin's energetic drive for a freer French economy, the Chamber before adjourning for the holidays last week passed bills empowering the Government to unpeg the price of wheat in France. Zump!-the price dropped from a fictitious pegged price of $2.01 per bu. to $1.44. In stern orders to prefects all over France, Premier Flandin demanded and largely achieved last week a nationwide cut of about 12% in the price of baker's bread...