Word: bumpers
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...Bumper Loans. As the last of the bumper U.S. wheat crop was being harvested, it overflowed elevators and warehouses. But much of it was not going to market, where it would have helped bring down prices. Reason: farmers were putting it under Government loan at $2 a bushel. They had already taken loans on 90 million bushels v. 20 million last year. The Department of Agriculture eventually expected to have 300 million bushels under loan...
Meat. In Chicago, steers brought $41.35 per 100 Ibs., 10? higher than the previous alltime record; hogs brought $31.85, 35? over the previous record which had stood for 15 days. But the price of corn, meat's raw material, was already coming down: prospects of a bumper crop drove corn down 6? to 13? a bushel during the week...
After a shaky start, wheat was now second only to last year's bumper crop. Rice, soybeans, peanuts and pecans were headed for new records. Most other crops were far above average. The corn crop was phenomenal. From Illinois to Arkansas, the cornfields nodded in silky tassel. The expected crop of 3.5 million bushels was the biggest in U.S. history, and almost half again as large as last year's disappointing yield. It could bring cheaper pork by next spring, cheaper beef by fall, 1949. It should bring down the prices of butter, eggs, milk and poultry...
...taxpayer's money in Argentina until the Peron government gave some hard & fast promises to: 1) sell to the U.S. at world prices; 2 ) sell to Marshall Plan countries at world prices; 3) resume payments on U.S. investments in Argentina. Because Europe and the U.S. expect bumper crops this year, EGA can get along without Argentine produce...
Deep down inside, the Californians did not feel that they needed the U.S. on their side in the Olympic games. They had a bumper crop of their own athletes. At Henley-on-Thames last week, the University of California's smooth eight-oared crew got off to a slow start, but never had to raise the beat too high. The coxswain simply called for a "big ten" (increasing the effort, but not the beat, for ten strokes) and Cal smoothly spurted into the lead. California won easily over Great Britain's Leander Boat Club and Norway...