Word: bushell
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Apples. Apples, which gyrated in price from 64? a bushel in 1937 to $2.96 in 1945, upsetting many a grower's cart, were admitted to futures trading on Chicago's Mercantile Exchange. By offering buyers a chance to hedge in the futures market, growers hoped to steady prices for this year's crop (estimate: 100,445,000 bushels...
Grain Prices. Despite the prospect of improved crops abroad, the U. S. Government raised its 1948-49 grain export goal to a near-record 450 million bushels, 20% more than six weeks ago. Skidding grain prices did a quick turnabout, with wheat at one time rising as much as 3? a bushel, corn rising...
...Price. The Government is buying surplus potatoes at around $1.55 a bushel, and selling them to distillers and food processors at a give-away price of 9?a bushel. (The Government pays the freight, which averages another 40^ a bushel.) The. only condition is that the buyers turn the potatoes into flour. To help feed occupied Germany, the Army has promised to pay about $7 a hundred pounds for as much as 448 million pounds of potato flour, about 30 times the normal annual output. With a highly profitable market thus assured, dozens of companies have started making flour...
...catch is that a bushel of potatoes makes only ten pounds of flour. All told, the flour will cost the Government close to $25.60 a hundred pounds. That is five times what it has to pay for wheat flour. Meanwhile, the retail price of potatoes stands at $2.60 a bushel, twice the 1941 price...
...Already, "world leaders were swooping down on us from all directions"-and terrifying memos were swooping down from Mrs. Roosevelt ("Mrs. Nesbitt: There will be 5,000 to tea"). Salesmen stormed the doors with "gift" samples of everything from cravats to cheese; Peach, Cherry and Potato "Queens" left laden bushel baskets all over the floor; deputations stamped in & out; photographers' flashbulbs exploded like small arms. Eighty-three thousand casual visitors streamed through every month, leaving a trail of mud and cigarette butts...