Word: bushelful
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Profitable news was this to all holders of wheat. Future prices jumped to 75? a bushel in the Chicago...
...some places they have already added 1c a loaf). Actually the cost of wheat has very little to do with the cost of making bread except as a pretext for raising prices. In France where wheat until recently was artificially maintained at a price of about $1.70 a bushel, a pound-loaf of bread sold...
...Handle of the Wallace pitchfork is the Secretary's power to tax. To raise money to pay land rents and Domestic Allotment "benefits" he may levy on every bushel of wheat the miller turns to flour, on every pound of pork and beef the packer turns to ham and steak, on every quart of milk and cream that go into butter and cheese, on every pound of cotton the spinner makes into cloth. This processing tax, heart of the Roosevelt relief scheme, is a variable quantity which the Secretary of Agriculture adjusts to bring farm prices...
...values as follows: wheat 42? per bu.; cotton 5? per lb.; tobacco 4? per lb.; hogs 2? per lb. After harvest the farmer would sell his full crop in the open market. Thereupon the Treasury would step in and collect as an excise tax 42? from millers on every bushel of wheat they bought for flour, 5? from spinners on every pound of cotton, 4? from cigaret & cigar manufacturers on every pound of tobacco, 2? from meat packers on every pound of hog. Thus special treasury funds would be created out of which the Secretary of Agriculture would...
Throughout the U. S. wheatlands last week farmers stared dismally at the figures chalked on the blackboards of rural grain elevators. In Montana 12? was offered for a bushel of wheat, in Kansas 20?, in Nebraska 18?, in Texas, 30?. Farmers who thought that they had seen the worst possible prices last summer received new jolts daily...