Word: butter
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Dates: during 1940-1949
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...kinds of price news made Page One last week in the New York Herald Tribune. Butter & eggs were down; the Trib itself was up-from 3? to a nickel a day. Three out of four of the country's 1,750 dailies had beaten the Trib...
With a scandalous clatter, the bottom fell out of New York's butter market last week. The day after Christmas, wholesale butter prices fell on the New York Mercantile Exchange from 84¼? a lb. to 74½?, sharpest drop in many years...
...representing some 27,000 of the 44,000 milk producers in the six-state New York milkshed, made no bones about having done the job. Reason: the league wanted to "protect" farmers from a drop in milk prices, which, under a Federal-State marketing formula, are largely determined by butter prices. (The combined average of butter and skim-milk prices for the 30 days ending December 24 had to be over $1 to keep prices...
Fake Bottom. But, across the U.S., skyhigh butter prices had started to sag in mid-December. In Chicago they went down 7?. A fortnight ago Swift & Co. was so sure they were going down that it contracted to sell upward of 50,000 lbs. of butter to state institutions at 69? a lb., starting in January. So the worried league stepped in and bought upward of 500,000 lbs. of butter, kept a false bottom under the New York market until the January price of milk was set where the farmers wanted it. When the league stopped buying, the price...
...slot-machine industry, which has rapidly expanded to a jackpot gross of $500,000,000 a year. Automatic vendors now sell thousands of items, golf balls, perfume whiffs, laundry, toilet seat covers, insurance policies and hot dogs with mustard. In the offing are machines to sell 1) milk, butter, and ice cream in apartments, and 2) gasoline in automatic stations...