Word: bu
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Dates: during 1930-1939
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...14?Seventh annual National Corn-Husking Contest; at Norton, Kans. Corn-husking record (1929): 35.8 bu...
...Seventh annual National Corn Husking Contest; at Norton, Kans. Corn-husking record (1925): 35.8 bu...
...Belitzky, vice president of the all-Russian textile syndicate, and the three New York grain brokers to whom he gave his selling orders. Comrade Belitzky revealed that he received by trans-Atlantic telephone instructions from Chlebtorg, Hamburg agency of the Russian grain trust, to sell 7,765,000 bu. of wheat in Chicago. According to this witness, Russia had the wheat to sell abroad but, pending delivery, decided to use the Chicago market to hedge the sale as a form of price insurance. Hedging, he said, seemed necessary because of London estimates of a larger world crop with consequently lower...
Brokers' Explanation. Brokers for this Soviet sale were: Harold L. Bache of the Manhattan firm of J. S. Bache & Co., who disposed of 2,300,000 bu.; Alvin Wachsman of Wachsman & Wassail who sold 3,110,000 bu.; Adolph E. Norden of A. Norden & Co., whose sales totalled 2,335,000 bu. The House committee members seemed dazed by the intricacies of grain trading as described by Broker Bache, who denied that the Soviet sales were large enough to affect the pit price, explained that if Russia had wanted to manipulate the world price, it would have sold short...
...When their "free, frank and friendly" conference broke up, they were still miles apart on interpreting the influence of the Red short sales upon wheat prices. Counsel Strawn voiced the opinion of practically all experienced grain traders when he said: "Short selling of 7,500,000 bu. of wheat would not depress its price." Secretary Hyde stoutly repeated that the Board must "clean house." added: "if it doesn't, that, as Kipling would say, is another story...