Word: bushel
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Dates: during 1950-1959
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...Massachusetts farmer pledged a bushel-and-a-half of corn toward the construction of Harvard Hall. Although an Indian scalped him before the actual donation, the building was completed in 1677. For the next century it housed the College's social center, library, museum, laboratory, dining hall, and the colonies' largest kitchen...
...Under a Bushel. The rest of the fresh man group (average age: 55) does not stand high in national renown. Two, South Carolina's J. Strom Thurmond and North Carolina's W. (for William) Kerr Scott, 58, have been governors of their states. Of the seven new Republican Senators, all but one are or have been Congressmen. The one: Colorado's Gordon Allott, 47, whose light, as lieutenant governor, has been hidden under the bushel-basket showmanship and popularity of retiring Governor Dan Thornton. Allott, a liberal Republican and onetime Stassen-for-President booster, scored a minor...
...support price for 1955 wheat will be 82½% of parity (the minimum provided by law). This will mean $2.06 per bushel, as against the $2.24 that farmers are now getting under 90% support...
...result of too much wheat. Five years ago, 46 nations formed the International Wheat Agreement, and such big producing nations as Canada, the U.S. and Australia agreed to allot a certain amount of their wheat for export in a stipulated price range (not to exceed $1.80 a bushel). When inflation, the Korean war and poor foreign crops put wheat in tight supply, the International Wheat Agreement worked fine, at least for the importing nations, which got what they needed at bargain prices. But recently, with wheat in surplus, I.W.A. has not worked so well. Such nations as France and India...
...been hardest hit by the slump in wheat exports. For the seven-year period ending in 1952, the U.S. was the world's leading wheat exporter, with an average 417 million bushels a year-46% of the total trade. Last year shipments fell by almost one-third to 317 million bushels, and this year they are estimated at no more than 215 million, or only 30% of the total (Canada's share: 40%). To enable its exporters to compete in world markets (instead of just unloading on the government) the U.S. has had to boost its subsidy...