Word: grains
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Dates: during 1940-1949
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When Ed Pauley finally had his say, he roared out his denials. His only information on the grain market, he said, was what anyone could get by reading the papers. His transactions since the day he became Army assistant had been only those incident to the "orderly liquidation" of his holdings. Cried Pauley: "I have been seriously and perhaps irreparably harmed by Mr. Stassen's falsehoods and unfounded charges. . . . He has combined ignorance and falsehood to indict me solely in pursuit of his own selfish ambitions...
...Department of Agriculture had good news for Europe. To the surprise of some grain experts, the department reported last week that the U.S. had a record 795 million bushels of wheat on hand as of January 1. Thus, said the department, it was "a dead cinch" that the U.S. could meet its goal of exporting at least 450 million bushels during the crop year ending July 1. With 260 million bushels already shipped, the U.S. had only 190 million bushels...
...Blue Hills Observatory, however, Director Charles F. Brooks '12 took Stetson's theory with a grain of salt. "The sun has just as many spots in California," he commented, "and they're having the best weather in years...
...about some grain...
...that helped make speculation a sure thing. So the U.S. had its first $2.95 a bushel cash corn in its history; its first $3 cash wheat in 27 years. When the Government temporarily stepped out of the market toward year's end, with most of the grain it needed by mid-1948 already bought, the price of May wheat futures dropped...