Word: bu
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Dates: during 1930-1939
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...Corn Crop, estimated at 2,800,000,000 bu. on July 1, 2,120,000,000 bu. Aug. 1, had declined to 1,983,000,000 bu. on Sept. 1 as a result of the Drought. This harvest would be the smallest in 29 years. Two months of rainlessness had withered 29% or 817,000,000 bu. of the corn crop, a cash loss of about $775,000,000. The 1930 crop appeared to be 24% less than that...
Corn. Five-year average U. S. corn production: 2,700,000,000 bu. For July 1 the Department of Agriculture estimated the U. S. crop at 2,800,000,000 bu. A month later the drought had reduced this estimate to 2,200,000,000 bu. This week the Department prepared to issue its Sept. 1 estimates. Private estimators figured that the crop will then show about 1,950,000,000 bu. Declared Secretary Hyde last week: "As prospects have declined markedly since Aug. 1, the total deficit at this time (Sept. 1) is no doubt considerably larger." Secretary Hyde...
Wheat last week continued to make economic and perhaps political history when the Chicago price dropped to 83?¢ per bu., lowest since 1914. For the first time in 28 years corn sold in the pits 2¢ per bu. above wheat instead of the usual 20¢ or 30¢ below. The husbandman's cry of "Crisis!" rose more shrilly throughout the land. Chairman Alexander Legge of the Federal Farm Board abruptly departed from Washington on a second crusade through the West for wheat acreage reduction (TIME, Aug. 4). En route he paused at Chicago to confer with cotton growers...
...Grain Stabilization Corp.; George S. Milnor, general manager. This agency bought and now holds for the farm board 69.000.000 bu. of wheat...
Wheat Problem. Johnny Inkslinger's solution of the onion problem could not serve Chairman Legge as a model for the wheat problem. Italy has a tall new tariff to keep out wheat. Likewise France, where wheat last week was selling at $1.71 per bu. Advanced by idealists has been the idea that the farm board donate its heavy wheat holdings to famine-stricken China, but practical-minded...