Word: ibs
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...most productive year in U.S. farm history. Unfortunately, all that abundance knocked the bottom out of prices. Corn, the nation's biggest cash crop, dropped from $3.60 per bu. in the Chicago market to $2.60 by year's end. Cotton sometimes sold as low as 350 per Ib.-but it was costing farmers 600 per Ib. to produce...
Last year cotton, which had brought 800 per Ib. in the panhandle in 1980, dropped to less than 400. Danny grossed $60,000-but he had borrowed $86,000 from the Farmers Home Administration for planting, irrigation, fertilizer and insecticides. Danny let the hired hand go, and Frieda went into the fields with her husband, helping with irrigation, cultivation and planting. Nevertheless, they lost...
...lower prices resulting from a U.S. dollar that suddenly buys nearly twice as much in Mexico as it did a month ago. Bargains include unleaded gasoline, which now sells for 87? per gal., vs. $1.50 in early February, and white rice, which goes for a mere 30? per Ib. By contrast, business in many big shopping centers on the U.S. side of the border has all but collapsed...
Another roadblock to Tinpec is the U.S., which has stockpiled 200,000 tons of the metal as a strategic reserve to be used in case of war. The tin was bought three decades ago for an average price of only $1.08 per Ib., and the General Services Administration in the past four months has sold 6,470 tons of it for up to $7.49 per Ib. Says Roy Markon, a GSA commissioner: "Why should we be worried about a contrived shortage? It is of great benefit to our sales program and good for the taxpayer...
...preliminary for the prestigious National Championships, held this year in Ames, Iowa. The top three places in each weight class qualify. And for the first time since 1974, Harvard will be represented in the tournament: in fact, the Crimson will send two wrestlers to compete in Ames, 142-ib. Andy McNerney and heavyweight Jim Phills...