Word: bushels
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...special message from the Mother Church's board of directors set the keynote: "Painless progress can be made by he individual and by humanity as a hole." A bushel of recent cases of Christian Science healing were read to the gathering-including total recovery from poliomyelitis, abdominal cancer, rheumatic ever, dislocated hips diagnosed as beyond recovery and accident injuries pronounced tal. No membership figures are ever issued, but what figures there were showed the faith to be flourishing; 34 new branches were established...
...provide storage facilities, as it has for years. Storing wheat is especially attractive to farmers now that the spread between the market price of wheat and the Government-loan price is the greatest on record. The farmer could sell his wheat in Chicago last week for around $2.04 a bushel. But if he stored it, he could borrow $2.54 from the Government, pledging the grain as security. If prices do not rise, he can let the Government take his wheat. One hitch: grain is eligible for support only if it is stored in Government-approved places...
...signers of the agreement turned out to be poor guessers. The war in Korea sent prices skyrocketing far above the $1.80-a-bushel ceiling. To fulfill its commitments, the Federal Government had to pay U.S. wheat exporters a subsidy averaging 62? a bushel-the difference between the export price and the U.S. market price. The agreement, when it expires next July, will have cost the U.S. almost $600 million in subsidies, which are now running at the rate of $130 million annually...
...agreement, the U.S. tried to get the ceiling lifted to $2.50 a bushel and the floor price to $1.90. After months of bargaining, most of the member nations agreed to a compromise of a $2.05 maximum and a $1.55 minimum. But Britain, as the biggest wheat importer, insisted that it could not go higher than $2 a bushel, and refused to sign. Perhaps it thought it could strike a better bargain with Argentina, which has a wheat surplus and has never joined the pact...
Under the new terms, U.S. subsidies will be cut to 31? a bushel-still painful enough to raise howls in the Senate, which must ratify the pact. But finding a market for the U.S. wheat surplus might well be even more costly without any agreement, since other countries might dump wheat at prices far below the proposed floor prices...