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...most people, life in a grain elevator might seem a dusty, monotonous existence with little or no future at all. But Houston's William Fellrath made a career of it. He joined the city's grain elevator as assistant superintendent when it started operations in 1926, became the $9,000-3-year elevator superintendent in 1941. In Washington last week, the Senate Agriculture Committee heard just how good life in a grain elevator...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

...years, testified an Agriculture Department investigator, Fellrath had collected $100,000 from Fort Worth's Transit Grain Co. for blending about a million bushels of cheap Canadian wheat, officially graded as "unfit for human consumption," with high-grade U.S. wheat. Transit Grain exported its low-grade wheat at an estimated profit of some $500,000; the U.S. paid part of the bill by making up the difference between the domestic wheat price and that called for under the International Wheat Agreement. In addition, said the Agriculture investigator, Transit Grain paid about $15,000 to two of Fell-rath...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

Born. To Philip H. Willkie, 33 (son of the late Wendell Willkie), Republican member of the Indiana state legislature, and Rosalie Heffelfinger Willkie, 24, daughter of Grain Millionaire F. Peavey Heffelfinger: their second child, second son; in Indianapolis. Name: Sleeth Heffelfinger. Weight...

Author: /time Magazine | Title: Milestones, Apr. 27, 1953 | 4/27/1953 | See Source »

...Knights' diplomatic immunity had got past Italian customs. Not long afterward, five shiploads of Argentine wheat, intended for the Knights' charitable institutions, went astray. Though the Vatican concedes that the Knights were duped by "four or five adventurers," and though the order recovered the cost of the grain, the Pope set up a tribunal of inquiry...

Author: /time Magazine | Title: Religion: Chastened Knights | 4/20/1953 | See Source »

...agreement could still go into effect without Britain, and there was a good chance that it would. Wheat prices are again falling, after the biggest bread-grain crop in world history last year. The U.S. is also facing a glut at home. Last week the Agriculture Department upped its forecast for the winter wheat crop 17%. It looked as though 1953-5 crop, though no record, would be big enough to force Benson to impose acreage allotments and marketing quotas...

Author: /time Magazine | Title: COMMODITIES: The Wheat Agreement | 4/20/1953 | See Source »

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