Word: bushel
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...wheat simply had not materialized. The harvest was all but over in Texas, Oklahoma and the big Kansas "breadbasket," and it had turned out from 20% to 40% smaller than the Government's June estimates. Said one surprised Kansas farmer: "I've got the finest 40-bushel straw and the poorest 10-bushel wheat you ever saw." Reasons for the dwindling crop: long, unseasonal rains, in some cases hail, and plant diseases like stem rust and glume blotch...
Shriveled. In Texas, some wheat from the Panhandle weighed as low as 44 Ibs. to the bushel (v. a normal 60 lbs.)-"just shriveled-up stuff," not even eligible for Government loans, which require a weight...
Tense and nervous, speculators crowded the Chicago wheat pit one morning last week, waiting for the opening gong. When it rang, they furiously began waving orders to buy. The price of wheat futures rose by the hour, jumping as much as 8¾? a bushel. Professional speculators, who had been selling wheat short while the price was edging down, took heavy losses...
...kept alive by the 80th Congress, already had cost $200 million for the 1948 crop and would cost more before the year's output is disposed of. What's more, the Government's mass buying of 1948 potatoes (now at a husky $2.90 to $3.50 per bushel) was keeping prices up in the grocery store, so taxpayers were getting socked twice for every potato they bought...
Charlie had become a top man in a Pyramid Friendship Club, a money snowballing craze which last week was sweeping across the country as the chain-letter game did 14 years ago. He was not the only man to make a fast buck. Another Detroiter got a bushel basket full of money in one evening, and gave away five-dollar bills as mementoes of the stirring occasion. People in Houston, Dallas, Los Angeles, San Francisco, and dozens of other U.S. cities and towns hit the jackpot too and found themselves in a delirious state of sudden solvency...