Word: gluttingly
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...PORK GLUT is getting worse despite a Government buying program. Farmers are sending so many hogs to Midwest markets (170,000 head in a single day last week) that prices have slumped to $12.75 per 100 Ibs., down $1.25 in a week and the lowest level in 14 years...
...wartime demand. In the present situation, the logical aim is exactly the opposite-to encourage less, not more production. The greatest drag on the farm economy in 1955 was created by 90% of parity, which encouraged too much production after war demand ended. The result was a $7 billion glut of farm products hanging over the market. When it was encouraging the building of these burdensome surpluses, the 90% parity plan did not keep prices up. All but 3% of the farm-income decline since 1951 occurred before January 1, 1955, while the high rigid supports were still in effect...
...economic problem approaching national scope is in agriculture. Burdened by a glut of surpluses piled up under the old rigid price-support program, the farm economy has been moving downward. The Eisenhower Administration is standing steadfastly behind the principle that the whole economic farm situation will be better, in the long run, if the new flexible price-support system, which is based closer to supply and demand, is given a chance to work...
...smallest (600 undergraduates, 450 graduate students). On its 30-acre campus of stucco, Mediterranean-style buildings and olive-shaded walks, no one is a stranger, and with its faculty of 350, it has the luxuriously high teacher-student ratio of about one to three. While other campuses glut themselves with courses, Caltech will happily drop a few (most recent examples: meteorology and industrial design) on the refreshing theory that "if Caltech can't do a job within its sphere better than anyone else, then there's no sense in doing it at all." Over the years...
...WHEAT GLUT is still growing, will push up another 75 million bu. by the end of fiscal 1955, predicts Agriculture Secretary Ezra Benson. Estimated total for Benson's No. 1 surplus headache: 975 million bu., most of it in Government storage bins...