Word: bu
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...counties rounded up 26,000 head of half starved cattle, loaded them on stock cars, shipped them north to rented fields in the Lake Superior region. At Kansas City, George E. Farrell of AAA estimated that the wheat crop was being abandoned at the rate of 1,000,000 bu. a day, that growers were losing $1,000,000 daily. On the Chicago wheat exchange, wheat rose almost its 5? limit to $1.07. This meant money only for farmers in Texas and Oklahoma, on the drought's fringe, where harvests were abundant and ten days early...
Trader Cutten was charged with misreporting or failing to report his long and short positions in excess of 500,000 bu. under the Grain Futures Act (TIME, April 23). He did not attend his own hearing in the walnut-paneled, air-conditioned courtroom in the Federal Appraisers' Stores building. But a band of Texas farmers trooped in when the hearings began fortnight ago to see if they could find out "what becomes of our wheat and why we got 25? a bushel." They heard that: 1) Trader Cutten had been 11,000,000 bu. short of wheat...
...Cutten's lawyers steadfastly maintained that every time one of his accounts ran over 500,000 bu. it was duly reported. He and his lawyers had not interpreted the Act to mean that he must add all his little accounts together and report them if they totaled more than 500,000 bu. But that was the Government's interpretation. When the hearings were concluded last week the testimony was forwarded to the Grain Futures Administration in Washington for hearings in October...
...Wall Street statistician sharpened his pencil, calculated the shrinkage in value of 100 listed issues. He found that the $4,136,000,000 paper loss since the Stock Exchange Control Bill was introduced last February would have: 1) bought all last year's wheat crop at $7.80 per bu.; 2) built 1,000,000 small homes; 3) bought more automobiles than were produced in the last two years; 4) employed 10,000,000 people ten weeks at $40 per week; 5) paid any government deficit of the last three years or 91% of the deficit estimated for the current...
...mbbs had named to draw up an economic agreement to implement their Three Power Pact (TIME, March 26). Last week the experts had something to show. Austria and Italy had agreed to buy most of Hungary's surplus wheat at a fixed minimum price of 92.6? a bu.; Hungary and Italy, to buy Austria's lumber and wood-pulp; Austria and Hungary to lower tariffs 10% on any goods that pass through Italy's ports of Fiume and Trieste; Hungary to give Austria and Italy big tariff preferences...