Problem of Plenty. In its first crop forecast for 1949, the Department of Agriculture estimated that the winter wheat crop would be a near-record 964,808,000 bushels. That could mean a whopping surplus piled on top of this year's surplus. Although the Department had urged an 8% cut in winter wheat acreage, farmers (spurred by the price support law) had increased their acreage by 5%. It would cost taxpayers millions in support payments.
Four for One. E. I. Du Pont de Nemours & Co. announced that it would split its 11,158,207 shares of common stock 4 for 1 if stockholders approved. Though...