Word: bushels
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Dockers & Docks. Last year, in the harbor's transit sheds (over 2,000,000 square feet) and grain elevators (15-million-bushel capacity), Montrealers handled nearly a billion tons of cargo. More than 6,000 ships (some 1,600 of them oceangoing) passed through the port's 100 miles of dredged (32½ feet minimum) channel and tied up at its ten miles of berths. A third of the city's 1,000,000-plus population makes a living from the port...
...last week the price of wheat hit a 30-year high of $3.05 a bushel at Chicago. Then it began to drop. It plummeted 34½? from the high in two days in its biggest drop since the fall of France...
Prices racked up new records almost, daily. Wheat set the pace. At Chicago, March wheat sprouted up all the way to $2.96½ a bushel, highest since 1917. (Most bakers started passing their higher costs along to consumers by boosting bread prices 1? a loaf.) Other grains climbed...
...jittery market, promptly put some of the blame on BAE. But commodity prices, which have risen so sharply recently that many besides BAE think they are in for a bad fall, kept right on rising. March wheat futures hit a new 27-year high of 2.64¼ a bushel. How high would they go? How could prices be brought down quickly...
...Government system of evening up farmers' incomes was simple compulsory saving in good years to put aside something for the lean. The Government had paid the farmer $1.35 a bushel for wheat. It sold to Britain under a special wheat deal (TIME, Aug. 5) at $1.55, and to other nations and the world markets for a variety of prices. The profit was dumped in a kitty along with profit from, selling wheat in Canada. In 1950 the kitty will be split up among farmers on a participating basis...