In the nation's grain pits, the law of gravity seemed to have been repealed. This week, as prices still went up, December wheat futures at Chicago hit $3.07 and cash wheat soared to a 27-year high of $3.11. On the way, wheat dragged up the cost of many another food. President Truman last week had again tried to put all the blame on his favorite whipping boy: the grain speculators or gamblers, as he termed them (see NATIONAL AFFAIRS). The idea that the Government's huge exports of wheat had caused the market's rise...
To continue reading:
or
Log-In
