Word: bu
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...limits to speculative activity in grain is a mysterious "gentlemen's agreement" said to have been reached in 1926 by a Kansas city grain merchant named Lonsdale and the then Secretary of Agriculture, William M. Jardine. This limits the speculative interest in the Pit to 5,000,000 bu. per speculator in any one future. CEA has long brewed cutting this to 2,000,000, but has not done so in the face of bitter opposition from the Board of Trade...
...TIME, Nov. 1, I read of the corn crop, "Last year's abnormally short crop of 1,500,000,000 bu. was nearly a billion bushels below average," from which statement I judge that the average yield is approximately 2,500,000,000 bushels. Right? I read on, "This year the estimated crop is a bumper 2,500,000,000 bu. . . ." and I am perplexed. Is this year's crop an average crop or a bumper crop? It can't be both at the same time...
...average corn crop 1900-1936 was approximately 2,500,000,000 bu. Under the restricted acreage of AAA and its successor, the Soil Conservation Act, 2,500,000,000 bu. is also a bumper crop...
...week almost the exact reverse of this situation became evident. U. S. commodity prices were almost all at the year's cheapest and the Dow-Jones commodity index declined 3.26 to 52.60, a new low since 1935. Cotton was down to 7.70? per lb., wheat to 86? per bu., copper to 9.06? per lb., lead to 4.67?per lb., rubber to 14? per lb. Though no informed businessman, economist or politician in the U. S. gave credence to the notion, Europeans of high & low station suddenly became convinced that the recent U. S. efforts to stimulate business would shortly...
Last week it soon became apparent that a second jury sail would be broken out: that corn loans would be granted, though not at 60? per bu. Secretary Wallace discreetly observed that if figured in the same relation to so-called "parity prices" as cotton, the corn loans would be about 46? per bu. Only problem was to find the money-a problem complicated by President Roosevelt's announced determination to balance the budget (see p. 17). After a huddle with the President and Secretary of the Treasury Morgenthau, Mr. Wallace declared with engaging vagueness: "Money undoubtedly...