Word: bu
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Dates: during 1930-1939
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...particularly fat with corn and cotton. Last week, therefore, the corn surplus was dumped squarely on the White House portico. Heading a delegation of midwest farm leaders, President Edward A. O'Neal of the American Farm Bureau Federation informed President Roosevelt that Government corn loans of 60?-per-bu. were imperative. Said Farmer O'Neal: "The condition of farm crop prices is one reason for the stockmarket being so jittery." Both the talk of corn and the talk of jitters were advance publicity for the belated refitting of the New Deal's battered agricultural ship. For when...
...corn the market price has plummeted from last spring's high of about $1.35 per bu. to 62?. Prices on the farm, always lower,are around 45?. Last year's abnormally short crop of 1,500,000,000 bu. was nearly a billion bushels below average. This year the estimated crop is a bumper 2,500,000,000 bu.-and there are fewer hogs, chickens and steers...
...drop in metals pretty well completed the deflation of last spring's commodity boom, the root of current business troubles. Cash wheat was down from $1.60 to $1.23 per bu.; corn from $1.58 to $1.21 per bu. ; cotton from 15¼? to 8½? per lb.; rubber from 27? to 17¼ per lb.; steel scrap from $23.50 to $18 per ton; cocoa from 13? to 7? per lb.; turpentine from...
With corn prices up 21? in 15 days to $1.1 6 a bu. it became apparent that shorts could not cover their obligations in time except at the longs' terms. Farmers National Grain Corp., leading U. S. grain co-operative and a leading short, formally complained to the Commodity Exchange Administration, charging "major manipulation." C.E. A. Chief J. W. T. Duvel cracked back with a stinging rebuke : "Every time there is a price rise or fall, there is an outcry from those who lose money." Two days later, however, having already tripled margins and taken the unusual step...
...have little competition from Canada or the Danubian countries, both having small crops. Argentina and Australia expect fair crops and Russia a huge one. Last week European demand for U. S. wheat manifested itself strongly for the first time this season and on one day nearly 1,000,000 bu. were sold abroad...