Word: armours
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Dates: during 1940-1949
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...Three Little Pigs, had plastered the Disney label on $10 million worth of manufactured goods. After Snow White and the Seven Dwarfs (1938) the business became a landslide. The roster of licensees grew to resemble a bluebook of U.S. big business (it includes Standard Oil, Du Pont, General Mills, Armour meats, Life Savers). In Manhattan, Gimbels sold 2,000 pairs of Mickey Mouse sandals in one day; in Chicago, Marshall Field recently had a $10,000 day on $3 sweaters offering a choice of Mickey Mouse, Donald Duck or Pluto...
...suit filed in Chicago, Clark charged that the four big packers, Armour, Cudahy, Wilson and Swift, were monopolizing the trade in federally inspected meat (the only meat that may be shipped across state borders). The Big Four, said the Attorney General, sold 58% of the cattle, 54% of the hogs, 68% of the calves, and 79% of all the sheep slaughtered under federal inspection. He accused them of getting together on buying & selling prices, and setting sales quotas to keep prices...
Despite booming meat sales, the packers' profits have been less than those of other food processors. After paying its first common dividend in ten years in the first quarter of the year, Armour decided not to pay a dividend this summer. Said Armour's Board Chairman George A. Eastwood: "Our earnings on meat last year were at the rate of about one-fifth of a cent a pound. Obviously a profit of one-fifth cent cannot be responsible for the increase which has taken place in meat prices since before the war." Nevertheless, the suit helped drive packing...
...anybody thought the meat packers were getting rich on the present market, they had another think coming. Armour & Co. last week said that livestock prices had gone "far beyond levels warranted by the selling price of meats." Armour had tied up so much of its cash in inventory that it could not pay a dividend. Its stock promptly dropped 2⅜ points to 10¼, the low for the year, and touched off selling in other meat-packing stocks...
Shirts Off. But the strikers knew that they had already lost their shirts. This week, in Chicago, union leaders went in to surrender to Armour and Co. officials. They were ready to accept the 9?-an-hour increase the companies had originally offered (the union at first demanded 29?, later was willing to take 12?). There was a snag to final agreement: the company now demanded the right to fire strikers who had taken part in the violence. Until that was settled, the strike would drag...