Grain Prices. Despite the prospect of improved crops abroad, the U. S. Government raised its 1948-49 grain export goal to a near-record 450 million bushels, 20% more than six weeks ago. Skidding grain prices did a quick turnabout, with wheat at one time rising as much as 3¢ a bushel, corn rising 2½¢.
Management Maneuver. Montgomery Ward's management, bouncing back from a wave of resignations (TIME, May 31 et seq.), took a firm new grip on the business. The remaining ten directors voted to cut the board from 15 members to twelve, with only two new directors to be elected; stockholders...
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