Word: bushels
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...that mean that ECA wanted none of the grain from bulging River Plate elevators? Not exactly, answered Hensel, but Argentina would have to "go out and get the market"-i.e., bargain with the U.S. ECA's terms: 1) no more price-gouging (Eire recently paid $6.85 a bushel for Argentine wheat-July futures at Chicago are now $2.31); 2) no more state trading practices such as have throttled U.S. business firms in Argentina; 3) a pledge that Argentina will underwrite some of the costs of feeding Europe...
Despite this optimistic forecast, wheat futures dropped a scant 2? a bushel in the Chicago grain pits. Traders counted on Government exports of some 400,000,000 bushels to take care of any surplus...
Robbed: Archbishop Francis Patrick Keough of Baltimore. Out of his house vanished some $1,250 worth of silverware which had belonged to the late James Cardinal Gibbons and bore the Cardinal's coat of arms and initials. Presently police found the swag in a bushel basket in a church, and a chauffeur pleaded guilty...
Under the agreement, the 33 importing nations in the group will buy at least 500,000,000 bushels a year for the next five years from Canada, the U.S. and Australia. Canada will supply 46% of it, the U.S. 37%, Australia the rest. Maximum price will be $2 a bushel. The minimum will be $1.50 the first year, will then drop 10? a year...
...agreement had been signed by 22 nations in 1933, and had proved unworkable. Besides, this one was not yet a contract. Before it becomes one, it must be approved by Congress and the other governments concerned. And as long as wheat remains high (current cash price: around $2.50 a bushel), the U.S. farm bloc will bitterly fight any attempt to put it under a $2 ceiling...