Word: bushels
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...corn duty was moved up from 15¢ to 25¢ per bushel (30¢ was the farm demand). Beef went up from 3¢ to 6¢ per pound (farmers wanted an 8¢ rate). Butter was left at 12¢ per lb., whither President Coolidge had temporarily raised it from 8¢. Tariff duties on milk and cream were doubled. Poultry & eggs, lard & swine, vegetables & fruits all moved up proportionately on the new tariff scale...
...Farmers. Conforming to the Hoover promise, agricultural duties were raised by the proposed Bill, but not so high as the farmer had demanded and expected. The wheat rate remained pegged at 42¢ per bushel, to which point President Coolidge had raised it from 30¢ under the flexibility provision of the tariff law. Wheat raisers could hope, however, that by the same process President Hoover might some day advance the duty to 63?...
While the Senate pothered over future crop production (see above), in other quarters of the capital the more realistic and troublesome problem of last year's wheat crop came forward and was met with a temporary solution. The 1928 crop was a bumper, close to 900 million bushels. On March 1, there still remained 355,563,000 bushels undisposed of, bulging in elevators and farm bins. It was the largest surplus since 1919, To make matters worse, the 1929 crop promises to surpass 1928's to run well above the 900 million bushel mark...
...were ready to leap with joy. Then eastern railroad executives (New York Central, Pennsylvania, Baltimore & Ohio, Reading, Lehigh Valley) met in Washington, recognized "an emergency of national proportions," volunteered to cut their freight rates from the Mississippi Valley to North Atlantic seaports on wheat for export. The reductions per bushel (60 Ib.) would be: 2 cents from Buffalo, 4 cents from Chicago, 5 cents from St. Louis...
Western railroad executives then met in Washington to consider similar reductions which, if added to those by the eastern carriers, would move each bushel out of the glutted midwest to Atlantic seaports at about 9 cents per bushel cheaper than at present. The Shipping Board was approached to establish emergency freight rates on wheat to European ports as an additional means of increasing the outflow from...