STATE OF BUSINESS: Facts & Figures, Jun. 30, 1947

Weather Worries. Prices for corn futures broke all records on the 99-year-old Chicago Board of Trade. They reached $2.00¾ for July corn; the previous high was $1.99⅛, set in 1919. The jump was caused by a forecast of subnormal temperatures for the corn states, already suffering from a cold, wet spring that delayed planting. The Department of Agriculture, calmer than corn speculators, still expects a big corn crop, exceeding three billion bushels.

Profits Up. The Department of Commerce reported that corporation profits, after taxes, reached $12½ billion in 1946, an alltime high, and $2 billion above the previous high in 1943. But...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!