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...principle, it would provide a steady, four-year market for a maximum of 456 million bushels of wheat a year for five major wheat exporters-the U.S., Canada, Australia, France and Uruguay. It would permit 37 importing nations to buy at a price of $1.50 to $1.80 a bu. for No. 1 Manitoba wheat at Ontario ports the first year, and as low as $1.20 a bu. in the fourth year. (This rate would allow a maximum of $1.98 a bu. at U.S. Atlantic ports...
Secretary of Agriculture Charles Brannan, who signed provisionally for the U.S. (see cut), thought there was a much better chance of congressional approval now than last year, when a similar agreement died in the Senate. Then U.S. farmers, with wheat bringing $2.60 a bu., laughed down the proposed world price of $2 a bu. Now the price of wheat was down to around $2.25 a bu. and-with a huge carryover and another bumper crop in prospect-a price of $1.98 might soon look good...
...face of the U.S. surplus, the U.S. share of exports under the pact (168 million bu.) was comparatively small, though the cost to the U.S. might prove large. As long as wheat support prices are higher than the pact price, the Federal Government would have to pay the difference. In effect, it would subsidize the exports. Furthermore, importing nations would be required to take their maximum quotas under the agreement only when the price fell to the minimum. As long as the price was above that, they could buy from Russia or Argentina, if those nations wanted to undersell...
These matches against the Service academies officially open the team's regular season. Besides all the Ivy League schools, the Crimson card also lists engagements with such squads as BC, BU, Amherst, and Williams--and "none of these teams will be pushovers," Barnaby says. But the toughest teams to beat will be Cornell, Princeton, and Yale, last year's Ivy League powerhouse...
...rink is a definite necessity on the local sporting scene. Forced to compete for Arena practice time with BC, BU, half a dozen high schools and the Boston Bruins, the varsity was able to log but 130 hours of practice time all winter. The freshmen could get even less, and were forced to range as far afield as Lynn and Lowell to locate practice...