40 years ago: Wheat farmers holding out for better prices

From the Lawrence Daily Journal-World for July 8, 1974:

  • As the local wheat harvest was drawing to a close, it was the opinion of area elevator operators that between 40 and 90 percent of the wheat was being stored by farmers instead of being sold, apparently in anticipation of higher wheat prices. “They’re just holding onto it now,” said Eben Farley, director of the Agriculture Stabilization and Conservation Service Committee. “I guess some of them are just going to wait it out.” Wheat was selling for $4.08 a bushel early today, compared with the average price of about $2.50 a bushel at this time in 1973 and an increase from $3.28 a month ago. The south Lawrence Farmers Co-Op elevator had received a little more than 100,000 bushels, the north elevator had received in excess of 50,000 bushels, and the Edgerton elevator had received about 130,000 bushels.
  • Undiagnosed electrical problems were causing street light outages downtown. George Williams, public works director, said the contractor, Huxtable Electric Co., was attempting to learn why fuses, including replacements, had been blowing in the 700, 800, and 1100 blocks of Massachusetts Street. A recent count showed all the lights out in the 1100 block, 13 out in the 700 block, and 25 out in the 800 block.