Word: one-fourth
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...higher income-tax bracket. Thus, the average farmer held back from market more wheat than usual (near Larned, one farmer kept his entire crop-about $175,000 worth at last week's prices-in storage). Normally the Kansas holdback, a form of insurance against a poor yield the next year, is about 30% of crop. This year elevators and farm bins are clogged with about 150 million bushels of wheat-50% of the crop and more than one-fourth of the breadgrains the U.S. hopes it can send to Europe this winter...
Meanwhile, U.N. membership grew to 57. The two latest joiners: Yemen and Pakistan. Delegates learned that 1) the General Assembly's special session last spring spent more than one-fourth of its time wrangling over procedure, at an estimated cost (for salaries, overhead, etc.) of more than $500,000; 2) from now on, they would have to do without meat twice a week (Tuesday and Friday) if they chose to dine at U.N. eateries. Purpose: to help save food...
Self-Help. One-fourth of the company's 1,000,000 shares of stock will be given outright to the Liberian Government; a tenth will go to endow the Liberian Educational Foundation. As each subsidiary develops, the foundation will set up an industrial training program within the new industry. As the foundation's income increases, it will finance the training of Liberians in U.S. medicine and technology and ultimately help create a University of Liberia...
...best, Wright has paid as high as $40,000 for a prize brood mare, once laid down $62,500 for a one-fourth interest in the imported stallion Blenheim II (Whirlaway's daddy). But a basic ingredient in the Wright recipe is his trainers, the Jones boys-old Ben and young Jimmy. Rival trainers sometimes suspect the Joneses of getting results by mirrors and magic. But they are willing to pass their secret on to anybody. Says Jimmy: "You figure not only on a horse's speed, stamina and breeding, but on his personality-they're like...
Typewriters & Inkpots. Meanwhile, Moslems and Hindus were wrangling over their shares of the inheritance from the British Raj. Fifty committees set up to divide the Government's assets proceeded along 50 different lines. The Moslem League wanted one-fourth of India's assets, but was not willing to pay one-fourth of the $6 billion national debt. Railway rolling stock will probably remain on that side of the border where it stands on independence day. (The Moslem League accused the Hindu-controlled Government of switching brand-new American locomotives from Pakistan areas to Delhi, substituting old, burnt...