Word: mid-march
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FARM PRICE SQUEEZE is easing a bit, says the Department of Agriculture. Farm prices have inched up 3% since the first of the year, with the result that the parity ratio (what farmers get v. what they must pay for manufactured goods) increased to 82% by mid-March, two points higher than last December but still four points below March...
...midst of the growing economic boom stands a lonely exception: the U.S. farmer. Farm income has been declining since the peak of February 1951; it dropped nearly 20% in the past four years, 10% in 1954 alone. Farm operating costs, however, remain at near-peak levels. At mid-March farm parity (the ratio between the prices that the farmer receives and those he pays out) dipped to 86, the lowest point since 1940 and 14% below the theoretical "fair" level...
...Wages were at a peak; the average U.S. worker with three dependents took home $69.17 weekly, 55? more than ever before in history. In Wall Street the Dow-Jones industrial average, reacting to the news, recorded the second sharpest rise of the year, recovered more than 75% of its mid-March loss...
Last week, in keeping with his austerity program, he dismayed the capital bureaucracy and the foreign diplomatic corps by announcing that the government would remain in steaming Rio during this year's hot season (mid-December through mid-March) instead of moving to the 26-mile-distant city of Petropolis, up in the cool mountains, as Brazilian chiefs of state have done since the days of Emperor (1822-31) Pedro I. "This government has no time for a vacation," Café Filho explained...
...springs. Everywhere you look there are hot bubbles popping up." One of the big stories bubbling to be told was that of the construction empire of Harry Morrison (TIME, May 3), whose headquarters are in Boise, Idaho. Schulman took off on this story in mid-January. It kept him busy almost exclusively through mid-March (except for side trips to Alaska and the interior of Washington state for other stories) on trips to Boise, San Francisco and British Columbia...