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These purchases are cutting away so drastically at U.S. supplies that some experts fear that the nation will be hard-pressed to meet its own demands later this year. The Government's best estimate is that less than 200 million bu. of wheat will be left in hand by the end of the marketing year in July, the slenderest reserve since the end of World War II. A strong winter wheat crop, which begins trickling onto the market in late May, would ease the pinch. To boost supplies in the meantime. President Nixon last week lifted import quotas that...
Skimpy Diets. The unrelenting demand for farm goods has also sparked a new round of increases in commodity prices, which in 1973 leaped upward more by far than in any recent year (see chart). Late last week on the Chicago Board of Trade, wheat was selling for $6.16 per bu., up $1.75 from a year ago. and corn was going for $2.86 per bu., v. $1.22. The New York economic forecasting firm of Townsend-Greenspan has estimated that wholesale farm prices in January rose 7½%, the biggest such increase since last August...
...everything possible to encourage another record harvest in 1974. A preliminary survey compiled last week by the Agriculture Department showed that farmers do indeed plan to grow more than ever this year. Provided that the weather and other imponderables cooperate, they should harvest some 2 billion bu. of wheat, an increase of 300 million bu. over last year's yield. The jump in corn planting is up 10%, to more than 77 million acres. In fact, the profits on corn are so high that on some farms corn is displacing acreage formerly given over to soybeans, long the superstar...
...Yale, University of New Hampshire, Dartmouth and yes, even perennial cellar-dweller Princeton are reaching parity with the rest of the league. When was the last time you saw Cornell drop three Ivy League contests to Brown, Yale and Princeton? Or how about Yale defeating BU...
...While no definitive record was produced of who had possession of the Uher recorder after it was brought back to Washington, the custody of the June 20 tape seemed clearer. Ever since the recording system was revealed in July, the tape had been held only by Bull, Miss Woods, Bu-zhardt, John C. Bennett and the President. Bennett, a retired Army major general and White House aide who took over custody of all the tapes from the Secret Service on July 18, had testified that no one had withdrawn it until Sept. 28, the day before Miss Woods began transcribing...