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...farmer's favorite synonym for prosperity-$1 wheat-was a reality last week. Commodity Credit Corp. announced a new wheat loan rate of 98? a bushel, up 33? from 1940. Together with parity and conservation payments, this guarantees farmers about $1.16 a bushel-best average price since 1927. Under the new Fulmer-85%-of-parity-loan law (TIME, May 12), CCC had no choice...

Author: /time Magazine | Title: AGRICULTURE: Dollar Wheat Is Back | 6/16/1941 | See Source »

Reluctant to hide her light under a bushel of style traditions, trim-bodied Cinemactress Paulette Goddard tried to set a new Hollywood style by turning up for a formal dinner date in "evening shorts." They were formalized by sequins and a decorous cape...

Author: /time Magazine | Title: People: People, Jun. 2, 1941 | 6/2/1941 | See Source »

Wheat prices rose 3? to 5? a bushel last week to the highest level since May 1940; corn rose ⅜? to 1? to new peaks since August 1938; and cotton rose 67 to 74 points ($3.35 to $3.70 a bale) to four-year highs. The double-headed reason: The House passed the Fulmer Bill making crop loans of 75% of parity prices* mandatory, and the Senate Agricultural Committee unanimously approved 85% loans. The existing law gives the Secretary of Agriculture discretion between 52% and 75% of parity, and present loans were made on the basis of what...

Author: /time Magazine | Title: AGRICULTURE: The High Cost of Farmers | 5/12/1941 | See Source »

Washington dopesters figure the House and the Senate will compromise. On the basis of today's parity, 75% to 85% rates would mean 1941 crop loans to farmers from 85.5? to 96.9? a bushel on wheat (present loan 64?); 62.1? to 70.3? on a bushel of corn (now 61?) ; and 12.0? to 13.?/a pound on cotton...

Author: /time Magazine | Title: AGRICULTURE: The High Cost of Farmers | 5/12/1941 | See Source »

...Wiggly stock. He pushed it 52 points in a single day and cornered the market; the Stock Exchange had to set aside its rules and allow shorts five days to cover. In the 1925 wheat market ending with the Black Friday crash he bought grain in 5,000,000-bushel lots while the market was rising, turned bear at the top and sold 50,000,000 bushels short for an approximate profit of $10,000,000. Quietly sensing the end of a falling market in 1927, he bought Mexican Petroleum, pushed it up 75 points, suddenly went...

Author: /time Magazine | Title: Business: Boy Plunger | 12/9/1940 | See Source »

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