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...producing such quantities of grain and golden soybeans that equipment dealers cannot get enough storage bins for them. Even though a month of above-normal rainfall slowed the start of the harvest in the grain belt, the U.S. Department of Agriculture forecasts record crops of 5.8 billion bu. of corn (up 4% from last year), 1.6 billion bu. of soybeans (up 24%), 1.7 billion bu. of wheat (up 12%). The department predicts increased harvests of many vegetables and fruits, though in some cases not enough to meet insatiable demand...

Author: /time Magazine | Title: AGRICULTURE: The Jubilant Farmers | 11/5/1973 | See Source »

...administrative expertise that he has gained over the past eight years as day-to-day operating chief will be an asset to the C.B.T., whose dollar volume of trading in wheat, soybeans, corn and other commodities has increased 176% since 1972, when it exceeded that of the New York Stock Exchange. His reputation as an unflinching guardian of the rules governing the complicated wheeling and dealing in his business may temper the thrust of some recent Congressional developments. The House Agricultural Committee is beginning to investigate whether excessive speculation in commodities markets has inflated food prices; and Senators Hubert Humphrey...

Author: /time Magazine | Title: Business: Commodity Compromise | 10/29/1973 | See Source »

Long Wait. In New York, the National Association of Purchasing Management polled its members and found that products ranging from aluminum, copper and zinc to paper (both shipping boxes and office stationery), cotton, chemicals and corn syrup were available only after long waits for delivery. The McDonough Power Equipment Co., which makes lawnmowers and garden equipment, fears that the new plant it will open next spring will not be able to operate at capacity because it will not be able to get enough steel. In San Francisco, Levi Strauss & Co. is having to ration blue jeans to stores because...

Author: /time Magazine | Title: SHORTAGES: Time for a New Frugality | 10/15/1973 | See Source »

...true. After a summer of roller coasting up and down, the Wholesale Price Index for September dropped 1.5%, seasonally adjusted-its steepest slide in a quarter-century. Prices of farm goods, the worst culprits in this year's inflationary saga, led the decline, dropping 5.2%. Costs for livestock, corn, vegetables, fruit, live poultry and eggs were all substantially lower...

Author: /time Magazine | Title: Business: Indicator of the Week | 10/15/1973 | See Source »

...international Pudahuel terminal. Trains also began to run again, without the danger that they would be taken over and stalled by militants, as occasionally happened during Allende's regime. Skiers were even able to go up to the Andean resort of Portillo for a crack at the last corn snow of the season...

Author: /time Magazine | Title: CHILE: The Generals Consolidate Their Coup | 10/1/1973 | See Source »

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