Word: grains
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Dates: during 1940-1949
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...TIME, June 10, 1946) to recommend ways & means of doing the job. He had mobilized a new "working organization" to back up the committee recommendations. Meanwhile he urged everyone to cut down by "being more selective in foods we buy, particularly livestock products whose production requires large quantities of grain...
Buckwheat is highly suspect these days in Britain because it is off the ration and fetches the highest grain price as a scarce and valuable food for poultry, pigs and cattle. At the current price level (80 shillings per 56-lb. sack), Dennis had nearly ?3,000 worth in his 20-acre field. He could not use it all for his 200 chickens and herd of pigs. Was he flouting the County Agricultural Committee's orders so that he could sell the buckwheat in the black market...
Meanwhile, Farmer Dennis faced prosecution, and hungry Britons would go without several thousand meals which the plowed-in grain could have provided in the form of ham, pork or chicken...
...Scare. The Chicago Mercantile Exchange was impressed. It raised margins on butter trading by 66%, on eggs 25%. Many a grain broker privately ordered his customers to post higher margins. But the grain-exchange officials took no heed of Mehl. Board of Trade President J. O. McClintock said firmly: "A margin fixed at an extreme limit is likely to throw . . . the market out of gear...
Whether it would was hedged by many "ifs." Much depended on whether the rest of the corn crop could be harvested before the frosts. Much also depended on whether President Truman would follow Clint Anderson's proposal this week to cut the year's grain exports by a whopping 100 million...