Word: grains
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Dates: during 1940-1949
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...been saved out of what Harry Truman wanted. In five days and four long night sessions, southern Democrats and northern Republicans from agricultural states had helped each other get what they thought their constituents wanted. Out the window went controls on livestock, meat, poultry, eggs, all dairy products, grain and feed, tobacco, cottonseed and soybeans and their products. The Senate wrote in a reservation on petroleum; it was taken out from under price controls, but was left subject to control if the Decontrol Board certifies that supply is insufficient to meet domestic demand...
Private Elevator. Slowly (5 m.p.h.) the Andersons went round & round the 80-acre field, cutting the golden stalks to beige stubble. Once an hour they stopped and Harold Robb came alongside with the truck. Into it spilled about 70 bushels of grain from each machine. Harold Robb drove the truck back to the barn. There Frank Anderson had built a private elevator (capacity 12,000 bushels), with cemented interior and motored conveyor...
...Anderson is also a hard-headed businessman and he is not going to sell his wheat right now-not before January if he can help it. That is one reason why he built his own elevator. What about the Government's order to farmers to sell half the grain they bring in for storage? The stock answer of Ford County farmers: "Nuts to that." If the Government tried to put a penalty on everybody who does not comply, it would have to move against about 95% of the wheat belt's farmers...
Rise in Wheat. The rise in wheat was equally spectacular. Cash wheat in Chicago, at $2.18¼ a bu., up from $1.97, was the highest since 1920. Even with the bumper crops expected this year, most grain traders think that wheat will stay up there because of the world demand. Moreover, farmers were having a tough time getting their grain to market. The shortage of railroad cars had forced many of them to pile it up in the open fields alongside the tracks (see cut). At week's end, drenching rains had spoiled half the grain stored in some...
Most traders claimed that the grain and meat prices, despite their upswing, were still below black market prices under OPA. Actually, the rise was caused, to some extent, by the elimination of subsidies, i.e., the consumer was simply paying the bill in another form...