Word: bushels
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Dates: during 1940-1949
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...Oppenheimer-who had begun to consider his son as a kind of public trust-arranged for Klock to give Robert a special, intensive summer course in chemistry. They brought their lunches to the laboratory. While Klock brewed strong tea in beakers over a Bunsen burner, Rbbert turned out "a bushel of work" that never failed to rate the coveted Klock rubber stamp: "OK-AK." In six weeks, Robert completed a year's course. Says Klock: "He was so brilliant that no teacher would have been skillful enough to prevent him from getting an education." Robert got his introduction...
Bumper Loans. As the last of the bumper U.S. wheat crop was being harvested, it overflowed elevators and warehouses. But much of it was not going to market, where it would have helped bring down prices. Reason: farmers were putting it under Government loan at $2 a bushel. They had already taken loans on 90 million bushels v. 20 million last year. The Department of Agriculture eventually expected to have 300 million bushels under loan...
...Chicago last week, the price of cash corn suddenly tumbled nearly 14? a bushel. One reason: private estimates had put the record 1948 crop at 3,540,602,000 bushels, 34 million bushels greater than the Department of Agriculture's latest forecast...
Future prices quoted on the new crop were now some 20? below the anticipated Government support level of $1.60 a bushel at Chicago. But farmers could not get loans on their corn from the Government at support levels until they got their crop into storage-and there was not enough room to store it. Traders guessed that as many as 500 million bushels might be dumped on the open market for lack of storage. That would drive prices down still further...
...higher than the previous alltime record; hogs brought $31.85, 35? over the previous record which had stood for 15 days. But the price of corn, meat's raw material, was already coming down: prospects of a bumper crop drove corn down 6? to 13? a bushel during the week...