Word: floured
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Sweetening a Sale. Despite the grumbling, overall sentiment for the deal was strong, particularly in view of the fact that Canada, Australia, West Germany and France are already selling wheat and flour to the Russians. Senate Minority Leader Everett Dirksen said he would go along with it, though he urged the Administration to seek "sweeteners" in the form of political concessions. Wheat growers approved overwhelmingly, with or without sweeteners. Agriculture Secretary Orville Freeman pointed out that the deal would yield a handsome propaganda dividend by showing the world "which country has the agriculture that works." Fact is, both...
Died. Harry Amos Bullis, 71, longtime president and chairman (1943-59) of Minneapolis' General Mills, Inc., the nation's largest flour miller ($524 million in sales), who joined the company as a mill hand in 1919, caught the eye of Founder James Ford Bell and became his chief lieutenant, helping expand breakfast foods (Wheaties, Cheerios), push on into convenience foods (Betty Crocker cake mixes) and half a dozen other businesses from chemicals to electronics; of Hodgkin's disease; in Minneapolis...
...more foods from more countries per square foot than any other store in the Commonwealth. We've built up our stocks through requests: if we get enough requests for something, we stock it." The increase in travel abroad has helped business. "People come back from India and want rice flour, so we give them rice flour...
During British Guiana's crippling, 79-day strike, Gimpex saved the day for Jagan. When food reserves dried up and the opposition threatened to starve the government out of office, Gimpex imported petroleum products, flour and other staples, using Cuban and Russian ships. Last July Gimpex actually managed some indirect aid from Cuba. The company sold $1,000,000 worth of railroad ties to Cuba, and the money-paid in advance-was lent by Gimpex to Ja-gan's government...
...Experts study the weather, the size of plantings, inventories, probable demand and world political whims to make their judgments. For actual users of a commodity, the guess about the future is a practical way of stabilizing costs and protecting profits. If wheat gets scarcer and thus more expensive, the flour miller will make a profit on his futures contract-which is based on the price of wheat today-but the profit will be balanced by the fact that he will also have to pay more in the cash market for the wheat he actually needs. If the contract...