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Many farmers feel cheated because they let go of their wheat crop at about $1.35 a bu. in the early summer of 1972, before the Soviet purchases and heavy buying by other nations helped push the price received by farmers to more than $2 a bu. Congressmen are miffed that grain companies and ship operators collected needless federal subsidies. Shippers are recovering from a nationwide transportation tie-up that resulted from grain dealers' scrambling for freight cars to transport grain, much of it to the Soviets. Consumers have particularly good reason for anger: the deal contributed to a grain...
Samples: for soybeans delivered next November, the target price is $4 per bu., down from $6.43 the day that Nixon spoke; for wheat at Kansas City in July, $2 per bu., down from $2.78. Thus, the Administration plans a market intervention of enormous proportions...
...case of soybeans and wheat, the Administration's hopes seem well founded. Realistically assuming soybean plantings of 54 million acres, a modest yield of 27.3 bu. an acre would produce a bounteous crop; good weather could raise this yield to 30 or more bushels and cut the price of beans by as much as 50%. Wheat is headed for a bumper crop of up to 300 million bushels more than last year. There is a good chance that wheat prices will dip this year-unless the Russians come into the market again and bid prices up. Other produce, including...
John Troyer, owner of a grain elevator in southern Illinois, is slowly going broke. Every day, interest on the $550,000 loan he took out last November to purchase 300,000 bu. of corn is mounting, eating away at his 4½?-per-bu. margin of profit. The grain has already been sold, but Troyer will not be paid until it is delivered-and there is no way to get it delivered. Railroads have promised him 87 covered hopper cars to ship the corn, but the cars have not shown...
Second, a Boston University Medical School spokesman contrasted BU's "main interest in patient care" to "Harvard's primary interest in research and teaching," a "possible area of conflict." It should have been clear to the spokesman that research and teaching are certainly not incompatible with patient care. In fact, good patient care intimately involves both research as well as teaching. Further, one could point to the many areas of patient care rendered by Harvard personnel, both within the BCH and in neighborhood health centers throughout the city, as indicative of the Medical School's strong commitment to the delivery...