BUMPER WHEAT CROP is due despite retirement of more than 12 million acres into soil bank, may total only 3% less than 1956, thus piling up bigger surpluses. Farmers retired poor land, are producing more on good land, while drought-breaking rains have already pushed winter wheat harvest 27% above ten-year average of 18.6 bushels per acre.
HIGHEST INTEREST RATE in 19-year history will be paid by Federal National Mortgage Association, which borrows cash to buy U.S.-backed mortgages, resells them to investors. Fannie May, which raised borrowing rate to 4% last January, feels tighter money...
To continue reading:
or
Log-In
